According to Bloomberg ETF analyst Eric Balciunas, “many signs” indicate that Bitcoin ETF applications from Ark Invest and Valkyrie will be approved in the near future.
Ark Investment Management applied to register the ARKA ticker for its fund this week, and Valkyrie registers its ETF under the BTF ticker.
Balchunas said firms typically offer tickers the moment their product is approved and ready to launch.
People keep asking me what I’m looking for firstto confirm SEC approval and it is these type of updated prospectus filings. That’s what happens right bf a launch, they fill in all the XXs and add ticker. That said, this is bitcoin so WTF knows for sure lol.
- Eric Balchunas (@EricBalchunas) October 13, 2021
Subscribe to ForkNews on Telegram to keep abreast of news from the world of cryptocurrencies
According to the materials cointelegraph.com