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Valkyrie Funds Files for Bitcoin ETF Amid Growing Competition

June 22 (Cointime) - Valkyrie Funds has submitted a new filing to the U.S. Securities and Exchange Commission for a Bitcoin ETF called the Valkyrie Bitcoin Fund. The ETF will hold bitcoin to reflect the CME CF Bitcoin Reference Rate, New York Variant. The trust plans to list shares on Nasdaq under the ticker BRRR. Other companies such as WisdomTree, Invesco, and BlackRock have also filed for spot bitcoin funds in the past week. The price of bitcoin has risen 16% over the past week, reaching $30,114 on Wednesday.

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