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Valkyrie’s leveraged Bitcoin ETF reportedly shot down by the SEC
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Ever since the first Bitcoin ETF was launched last week amid a flood of speculation and anticipation, financial institutions all over the U.S. have been rushing to file applications to get approval for their own funds. However, not all of them have proven to be as lucky as ProShares.
In fact, reports suggest that one or maybe both of the latest applications have been shot down by the United States’ SEC within a day or two of being submitted.
Earlier this week, two creative ETFs were filed with the SEC. These strayed from the structure that has currently been approved. Valkyrie had filed for a leveraged Bitcoin Futures ETF and Direxion for an inverse fund for bears. Both of them have reportedly been rejected by the regulatory agency.
This
Read more on ambcrypto.comAbout this in other media
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High volumes put ProShares Bitcoin futures ETF among “top 2%” of all ETFs ambcrypto.com /3 years ago
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