Valkyrie and BitWise Take Second Stabs at Spot Bitcoin ETF Approval

Valkyrie and BitWise have resubmitted applications for a Bitcoin spot exchange-traded fund (ETF) to the United States Securities and Exchange Commission (SEC). Despite the skepticism expressed by the SEC chief in the past, they have joined a growing list of applicants that includes Blackrock, Fidelity, Invesco, and Wisdom Tree. This latest move by Valkyrie and BitWise, among the other applicants, demonstrates a market determination to gain regulatory approval despite the recent crackdown on the industry. Valkyrie and BitWise Make Second Bitcoin ETF Attempts On Wednesday, Valkyrie submitted an S-1 Form to the SEC. It designated the ticker symbol ‘BRRR’ for its proposed Bitcoin