First Mover Americas: Avalanche and Near Lead Weekly Gains

Crypto asset manager CoinShares said it secured an exclusive option to buy the exchange-traded fund (ETF) unit of Valkyrie Investments, gaining a U.S. foothold amid speculation the Securities and Exchange Commission will soon approve a spot bitcoin ETF. The Saint Helier, Jersey-based company, whose shares trade on Nasdaq Stockholm, said the option expires March 31. CoinShares didn’t disclose how much it paid for the option, or details of pricing for the acquisition, should it decide to go ahead. Spot crypto exchange-traded products are already available in Europe. That’s not yet the case in the U.S., though speculation has swirled recently that one is coming – which could open up bitcoin investing to a broad range of people.

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• Source: https://www.coindesk.com/markets/2023/11/17/first-mover-americas-avalanche-and-near-lead-weekly-gains/?utm_medium=referral&utm_source=rss&utm_campaign=headlines