2021 has been an explosive year for bitcoin as the crypto asset has touched new all-time price highs as cryptocurrencies have seen increased demand. Meanwhile, a number of crypto proponents expect the first exchange-traded fund (ETF) to be approved this year as a number of firms are racing to launch an ETF. On Friday, the Texas-based firm Valkyrie Digital Assets filed an ETF registration proposal called the Valkyrie Bitcoin Trust with hopes to list the fund on the New York Stock Exchange (NYSE).
Crypto Proponents Expect a Bitcoin Exchange-Traded Fund Approval in the US This Year
This year just might be the year when U.S. regulators approve a bitcoin (BTC)-based exchange-traded fund (ETF) that’s hosted on a major stock exchange. For instance, in December, news.Bitcoin.com reported on Vaneck’s bitcoin-based ETF filing with the U.S. Securities and Exchange Commission (SEC).
This week, Vaneck also filed for another exchange-traded fund called the Digital Asset ETF, which aims to hold equity in…