Months after having its Bitcoin futures-backed ETF launched on the US stock market, the crypto asset manager has sought approval for another exchange-traded fund. This time, though, the company wants the new product to be focused on bitcoin mining firms only.
If approved, Valkyrie Funds LLC will serve as the ETF’s investment adviser, while Vident Investment Advisory will be the sub-adviser. The advisors could also decide to allocate up to 20% of the fund’s net assets in companies holding a “significant portion of their net assets in bitcoin on their balance sheet or derive a significant portion of their revenue or profits directly from mining, lending, transacting in bitcoin.”
Valkyrie also said it will focus on firms using green and renewable energy for its mining activities, with 80% or more of the fund’s net assets going in such organizations. The crypto management firm already made history in late 2021 when its Bitcoin Strategy (futures-backed) ETF became the
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: Crypto_Potato » / 🏆 568. in US
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. SEC Chair Gensler maps out potential overhaul to agency's cyber rulesThe U.S. securities regulator is considering extending cyber risk management rules to third-party service providers, and beefing up public company disclosures when they experience a breach, the head of the Securities and Exchange Commission (SEC) said on Monday. Gary Gensler, in an address to securities industry professionals, mapped out a sweeping overhaul of SEC cyber rules, including changes to how stock exchanges and clearinghouses mitigate and report on cyber risk under the Regulation 'Systems Compliance and Integrity' (SCI) aimed at reducing systems issues and improving resilience.
Source: YahooNews - 🏆 380. / 59 Read more »
Coinbase Taps SEC Counsel Thaya Knight to Manage Public Policy Team.Coinbase has hired former U.S. Securities and Exchange Commission (SEC) counsel ThayaKnight to be its senior public policy manager. By Tanzeel_Akhtar coinbase ThayaKnight Tanzeel_Akhtar Pay attention to me ，funny new gamefi; coinbase ThayaKnight Tanzeel_Akhtar $BEZOGE!!!!! coinbase ThayaKnight Tanzeel_Akhtar How about BabyDoge? When? Dog face
Source: CoinDesk - 🏆 291. / 63 Read more »
Ripple Is in Its Strongest Financial Position Despite SEC LawsuitRipple has severed ties with Tetragon by buying back its shares at a $15 billion valuation
Source: CryptoPanicCom - 🏆 563. / 51 Read more »
Ripple Keeps Demanding Ethereum Docs from SEC.Ripple says that SECGov shouldn’t be allowed to delay the production of “potentially exculpatory documents” related to Ethereum Ripple SECGov Must watch Cryptocurrency investors 👇👇 shib cryptocurrency, shibainu, shibainucoin, XRP and ADA both are one of the most Worst crypto project under top 10 with worst team ever, all exchanges must delist them ASAP....🤣😂 btc eth sol bnb dot ftm matic link ICP link egld
Source: Utoday_en - 🏆 295. / 63 Read more »
Coinbase hires former SEC counsel to serve as senior public policy managerCrypto exchange Coinbase has hired a Securities and Exchange Commission official as its new senior public policy manager. Probably nothing. So relist $xrp then relistxrp
Source: TheBlock__ - 🏆 464. / 53 Read more »
SEC Has Taken 97 Crypto Enforcement Actions So Far — Crypto a Top Priority for Chairman Gensler – Regulation Bitcoin News“Under the new administration, the SEC’s enforcement activity has continued to focus on cryptocurrency related actions.” crypto bitcoin SHIBA INU SUPER 📊✅ SHIB Giveawaay SHIBA_GlFTS Altbase app is a new altcoin trading platform that offers the option to trade directly with your credit / debit card! AltbaseApp // BSCGem altcoin ALTCOINGEMS BSC What do you think about the SEC so far? Well, now they're tightening the SEC grip. How far will they go? Security is a top priority for us. When the government gets involved it tends to go overboard.
Source: BTCTN - 🏆 531. / 51 Read more »