Valkyrie Funds has unveiled a revised launch date for its leveraged Bitcoin ETF
The firm had initially applied for a spot Bitcoin ETF in January 2021 and had named Nasdaq as its preferred exchange in the refiled paperwork on June 21, altering its ticker symbol to BRRR.has retracted its application to transmute BITC from a Bitcoin futures fund to a fund entailing futures of both Bitcoin and Ethereum. This implies Bitwise's current focus will solely be on Bitcoin exposure.
The speculation surrounding this decision suggests a strategic recalibration, potentially driven by a perceived lack of advantage in having a dual BTC and
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