United States Securities and Exchange Commission (SEC), Valkyrie and crypto He rejected his ETF.
Valkyrie and crypto rejecting your ETF The SEC considers these applications to be spot cryptocurrency their ETFs He didn’t approve for the same reason as his refusal. The exchange commission believes that exchanges operating cryptocurrencies as price setters do not comply with the requirements.
SEC chairman Gensler previously said: “Cryptocurrencies are not mature enough for us to approve a spot ETF right now.” he said.
Stating that he prefers the futures ETF over the spot bitcoin ETF, Gensler’s decision is an expected one for Bloomberg analyst James Seyffart. was the case.
The SEC also rejected VanEck’s spot ETF application about five weeks ago.