Valkyrie submits application for spot bitcoin ETF, partners with Coinbase
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...