Valkyrie has filed a complaint with the US SEC about the Bitcoin Futures-based ETF

2021-8-12 05:48
share to
Scan QR code with WeChat

According to a statement sent to the United States Securities and Exchange Commission (SEC) on August 11, Golden Financial announced that Valkyrie had requested an ETF-based Bitcoin futures contract. The funds will be invested directly into the standard cash-out of Bitcoin futures contracts issued by companies established by the laws of the Cayman Islands. Valkyrie previously submitted an announcement on the Bitcoin ETF site in April, but, as with a peer-reviewed application, the SEC has delayed approval or rejection of the application. After SEC Chairman Gary Gensler spoke specifically about ETFs linked to Bitcoin futures last week, many companies announced that they were starting to submit product recommendations.

Next:
AlchemyCoin CEO Sentenced to 6 Years in Prison for Loan Fraud and ICO Fraud
Golden Financial said on Wednesday that the US Treasury Department sentenced the former fintech chief to six years in prison after pleading guilty to COVID-19 fraud and cryptocurrency fraud. Cheng is known to have raised $ 400,000 for Alchemy Coins, a seed loan that uses blockchain technology. The attorneys said Cheng deceived investors about the feasibility of the work and the legitimacy of the ICO on the matter. Cheng also filed a fraudulent loan application to secure a multi-million dollar "protection payment" loan from the US government's New Disease Funding Program. Cheng confessed to the costs in April. In addition to detention, he was sentenced to three years in detention and released, after which he will be forced to leave the United States.
2021-8-12 05:29