Valkyrie Foresees Spot Bitcoin ETF Approval by November End

Valkyrie Investments' CIO, Steven McClurg, anticipates a potential SEC approval for a spot Bitcoin ETF by the end of this month

Alongside financial giants like BlackRock and Fidelity, Valkyrie is also awaiting SEC approval for a spot Bitcoin ETF

Valkyrie currently manages two Bitcoin-related ETFs with a combined asset value of $51.1 million

McClurg believes that the SEC will issue another round of comments in the coming weeks, which could set the stage for potential approval of 19b-4 rule changes, possibly leading to a late November decision and a February launch

Industry experts are cautiously optimistic about a spot Bitcoin ETF launch, with concerns about market manipulation and custody."