Valkyrie Digital Assets has resubmitted its application for a bitcoin exchange traded fund (ETF) to the U.S. Securities and Exchange Commission, following in the footsteps of BlackRock and Fidelity. The asset manager has named Coinbase as its partner for a surveillance-sharing agreement, which is designed to prevent market manipulation and is a key component of all ETF applications. Valkyrie has also announced that Nasdaq has signed a term sheet with Coinbase, which is the largest spot trading platform for Bitcoin in the U.S. BlackRock and Fidelity have also resubmitted their ETF applications recently, with Valkyrie having already received approval for a bitcoin futures ETF in May 2022.
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Valkyrie Digital Assets Refiles Application for Bitcoin ETF with Coinbase as Partner
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