This is an auspicious time for CoinShares to establish its foothold in the US.
Valkyrie is one of several companies, along with BlackRock and VanEck, that have applied to offer a spot Bitcoin ETF in the US. The firm first submitted an application for a Bitcoin ETF in 2021. After being rejected, the company resubmitted an application for its Valkyrie Bitcoin Fund in June 2023.
This time, there is growing fear that the Securities and Exchange Commission has run out of reasons to say no. In fact, JPMorgan analysts believe there is a 90% chance the SEC will approve at least one Bitcoin ETF before January 10.
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