However, the SEC has been disapproving of most spot Bitcoin ETF applications. The watchdog cited concerns about market manipulation and the absence of a surveillance-sharing agreement between the market and the ETF issuer.
ProShares, Valkyrie, and VanEck are among those approved to list and trade bitcoin futures ETFs in the U.S. so far. Valkyrie has also filed to launch a 33 Act bitcoin futures ETF. Its application is outstanding.
