Valkyrie Investments has filed an amended Form S-1 with the Securities and Exchange Commission (SEC) for its Valkyrie Bitcoin Fund. The filing includes enhanced custody and valuation rules, as well as updates to the fund’s index and basket size. The fund will now value its Bitcoin holdings using the CME CF Bitcoin Reference Rate – New York Variant, and the basket size has been reduced from 50,000 shares to 5,000 shares. Notably, the fund’s Bitcoin assets will be held in offline cold storage with Coinbase as the custodian. The filing also addresses risks, including Coinbase’s ongoing battle with the SEC. The SEC’s decision on whether to allow the Valkyrie Bitcoin Fund to trade on Nasdaq is eagerly awaited by the market. If approved, the fund would provide retail investors with exposure to Bitcoin through shares trading under the ticker “BRRR”.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	None
Companies	Nasdaq, CME CF Bitcoin Reference Rate, Lukka Prime, Valkyrie Investments, SEC, Securities and Exchange Commission, Coinbase
Currencies	Bitcoin
Securities	None