Valkyrie Applies to List Bitcoin Miners ETF on Nasdaq

Posted on by American Coins & Gold

Valkyrie Applies to List Bitcoin Miners ETF on Nasdaq
Crypto asset manager Valkyrie has applied to the U.S. Securities and Exchange Commission (SEC) to list its exchange-traded fund (ETF) offering exposure to stocks in bitcoin mining companies on Nasdaq.The Valkyrie Bitcoin Miners ETF will invest at least 80% of its net assets in securities of firms that derive a minimum of 50% of their profit from bitcoin mining, according to a filing with the SEC Wednesday.Following the SEC’s reluctance to approve a spot bitcoin ETF, asset managers and investment firms have turned to products offering exposure to the futures market or companies that are themselves exposed to bitcoin in…