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Crypto asset management firm Valkyrie has applied for a spot bitcoin ETF and has enlisted Coinbase as its Surveillance Sharing Agreement (SSA) partner . This move follows a trend of similar filings to the U.S. Securities and Exchange Commission (SEC) by industry behemoths BlackRock and Fidelity earlier this month. Valkyrie also re-filed their 19b-4, like BlackRock they mention specific SSA agreement w/ Coinbase, even seems more aggressive (more use of the words 'executed' and 'agreement') They also, like BlackRock, call Coinbase largest US spot bitcoin exch h/t @NateGeraci pic.twitter.com/NDYKSzJeq9 — Eric Balchunas (@EricBalchunas) July 5, 2023 The entry of these finance industry heavyweights into the spot bitcoin ETF arena earlier in the month marked a turning point, setting off a chain of applications from other firms. Their leap into this emerging market segment seems to have stimulated competition among their peers. Valkyrie’s move intended t...

Mastercard has filed a trademark application for a blockchain and crypto currency-related technology suite. Patent attorney Mike Kondoudis discovered the application, which suggests that Mastercard plans to develop software optimized for bitcoin and blockchain transactions. Additionally, the company aims to facilitate crypto-based transactions by reducing connections between virtual asset service providers.  #Mastercard is continuing its move into #crypto! The payment processor has filed a trademark application claiming plans for ️ Software for crypto + blockchain transactions ️ Interconnecting virtual asset service providers for crypto transactions#Web3 #DeFi #Cryptocurrency pic.twitter.com/Pz1m5gau10 — Mike Kondoudis (@KondoudisLaw) June 19, 2023 You might also like: Babydogeswap to launch virtual crypto card The trademark application is a fascinating window into Mastercard’s plans for the future of digital currency. Details have been revealed about creati...