Valkyrie’s application for a spot Bitcoin ETF is another submission that will likely be rejected by the SEC based on its antecedents.
The Bitcoin price rallied soon after the spot BTC ETF applications by WisdomTree and Invesco on Tuesday. Bitcoin extends its market dominance to 50% of the overall crypto market.
There is a renewed hope that the US Securities and Exchange Commission (SEC) may finally approve a spot Bitcoin ETF.
iShares, Bitwise, WisdomTree, and Invesco, have just submitted proposals for a Bitcoin ETF, signaling a significant advance in the crypto business.
Binance is working towards the full integration and implementation of the Bitcoin Lightning Network to ensure smooth customer experience for deposits and withdrawals.
While announcing its hash rate expansion, Iris also said that its previous HPC data center strategy had become a parallel focus.
The crypto sector also saw its largest Bitcoin short squeeze since May amid a new high spurred by traditional interest in cryptocurrencies.
Despite the large amounts being removed, data suggests that Binance remains the exchange with the largest BTC balance.
The market capitalization of the flagship cryptocurrency recently hit levels greater than that of all other cryptocurrencies combined.
In a report published June 15, JPMorgan’s analyst Nikolaos Panigirtzoglou said that SEC officials were unsure of Ethereum’s legal status in 2018.
The traditional firm could dominate the US digital asset space for a long time to come.
While announcing Coinbase and Cash App as the new partners, Bitkey referred to some information it passed in March.
It remains uncertain how the upcoming halving will affect Bitcoin’s price behavior, especially with global liquidity appearing to have peaked in the near term.
The SEC has received an official application from BlackRock for a spot Bitcoin ETF to help investors benefit from BTC without direct access.
Following the Fed interest rate pause announcement, the price of BTC broke major price support, raising concerns about a continued decline.