Valkyrie Refiles Bitcoin ETF Application Amid Crypto Optimism

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Valkyrie has become the latest issuer to resubmit an application for a Bitcoin exchange-traded fund after th Securities and Exchange Commission deemed the initial documents inadequate. What Happened: The firm, based in Nashville, Tennessee, revealed in its filing that Coinbase Global Inc. (NASDAQ: COIN) would offer market surveillance for its proposed Bitcoin fund. The SEC had previously expressed concerns over the lack of clarity in earlier filings. The recently submitted documents reveal that Nasdaq, where Valkyrie plans to list if approved, had “executed a term sheet with Coinbase” on June …

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