Valkyrie Bitcoin Futures ETF Gets a Green Signal! What About the Grayscale Spot ETF? The cryptocurrency market is buzzing with the news that Valkyrie's XBTO, a Bitcoin Futures exchange-traded fund, has been given the green light by the US Securities and Exchange Commission (SEC), and will now launch, signifying a major step forward for institutional Bitcoin investment. The US Securities and Exchange Commission (SEC) has finally green-flagged the ETF proposed by Valkyrie granting the fund a notice of effectiveness.

This approval raises a crucial question: What does this mean for the Grayscale Bitcoin Spot ETF application that is still under review? Appearing in a recent interview with Anthony Pompliano, the CEO of Grayscale, Michael Sonnenshein addressed the Bitcoin spot ETF application. The approval of the Valkyrie Bitcoin Futures ETF could potentially pave the way for the approval of a spot ETF, although significant regulatory hurdles remain. Investors are keenly watching the SEC's decision, as a spot ETF would allow direct investment in Bitcoin, attracting even more capital to the cryptocurrency market. Stay updated on the latest developments regarding both Valkyrie's Bitcoin Futures ETF and Grayscale's spot ETF application.