According to Bloomberg ETF analyst Eric Balchunas, "many signs" indicate that bitcoin ETF applications are fromArkInvest 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.
Balčunas stated that firms usually offer tickers the moment their product isapproved and fully ready to launch.
People keep asking me what I’m looking for first to 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
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Based on materialscointelegraph.com
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