Valkyrie and ARK 21Shares recently filed filings for spot Bitcoin ETFs, joining the growing list of contenders seeking approval from the U.S. Securities and Exchange Commission.
Valkyrie and ARK 21Shares filed an 8-A securities registration for a spot Bitcoin ETF with the SEC on January 4, following Grayscale and VanEck earlier today, and Fidelity, which filed yesterday.
Today’s official filings from Valkyrie and ARK 21Shares point to a distinct possibility that approval could move closer as the two companies compete with others for the first Bitcoin ETF in the United States.
The filing comes amid market buzz over the possible approval of a U.S. spot Bitcoin ETF. Despite talk of possible rejection, Valkyrie and ARK 21Shares filings point to a different story.
The cryptocurrency industry is hoping for approval between January 8 and 10. Large firms like Goldman Sachs are already trying to take on key roles in the Grayscale and BlackRock ETFs.
Although nothing has been set in stone as of today, there has been some optimism this week regarding the possibility of a spot Bitcoin ETF being approved. The SEC’s meeting with exchanges such as Nasdaq, NYSE and CBOE adds to optimism, suggesting approval could come as early as Monday.