Valkyrie submits revised application for Bitcoin spot ETF, currently only accepting cash transactions
Bloomberg analyst James Seyffart stated on the X platform that Valkyrie has submitted a newly revised prospectus (S-1 document) for a Bitcoin spot ETF today. Similar to Bitwise and Invesco, Valkyrie declares that the creation and redemption of the ETF can only be done in cash. Additionally, this document specifically states that if permitted, physical assets may be considered in the future, similar to Invesco's statement.
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