New York Securities Apply for Bitcoin ETF Listing
The New York Stock Exchange (NYSE) has submitted an application to the financial authorities for the listing of the Bitcoin Exchange Traded Fund (ETF) formed by Valkyrie Digital Asset.
On the 23rd, NYSE submitted an application document called “19B-4” for the Bitcoin ETF to the US Securities and Exchange Commission (SEC). When the SEC accepts this document, the 45-day review process begins. During the same period, the SEC decides to approve, reject, or extend the review period.
“It’s been five years since we’ve come this far, and it’s only recently that the SEC has come to think that it will accept Bitcoin ETFs,” said Stephen McLaugh, chief investment officer at Valkyrie Investments. After that, “he commented.
So far, the SEC has rejected all submitted Bitcoin ETF applications. However, under the Biden administration, there is a growing belief that the SEC, led by Gary Gensler, will be flexible in responding to Bitcoin derivatives.