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."