Digital asset manager Valkyrie Investments is the latest firm to amend its spot Bitcoin (BTC) exchange-traded fund (ETF) filing with United States securities regulators.
Valkyrie filed an updated spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC) on Oct. 30, according to the SEC database.
The updated form S-1 registration statement for the Valkyrie Bitcoin Fund aims to offer investors an opportunity to invest in common shares backed by Bitcoin. The shares represent units of fractional undivided beneficial interest and ownership of the trust and are expected to be traded under the ticker symbol “BRRR” on the Nasdaq Stock Market.
“The information in this prospectus is not complete and may be changed,” Valkyrie stated in the filing, adding that the firm is not allowed to sell BRRR securities until the registration statement is effective.
According to online crypto ETF analysts, the ongoing Bitcoin ETF amendments could be translated as a “good sign” of progress and impending approvals. Valkyrie’s latest spot Bitcoin ETF update is yet another evidence of movement happening behind the scenes, Bloomberg ETF analyst James Seyffart believes.
Following the recent amendments, at least five of the rest of the known spot Bitcoin ETF filers have not updated their filings, including firms like WisdomTree, Invesco and Galaxy, Global X, Hashdex and Franklin Templeton.
The SEC currently has eight to 10 filings of possible spot Bitcoin ETFs waiting for the regulator’s consideration, SEC chair Gary Gensler reportedly said in late October.
If a 19b-4 spot Ether ETF filing be approved, analysts anticipate the SEC won’t immediately sign off on the S-1, which is required for the products to launch.
Prime Minister Rishi Sunak has offered a “wholehearted and unequivocal” apology to the victims of the infected blood scandal, saying it was a “day of shame for the British state”.
Mr Sunak said the findings of the Infected Blood Inquiry’s final reportshould “shake our nation to its core”, as he promised to pay “comprehensive compensation to those infected and those affected”, adding: “Whatever it costs to deliver this scheme, we will pay it.”
The report from the inquiry’s chair Sir Brian Langstaff blamed “successive governments, the NHS, and blood services” for failures that led to 30,000 people being “knowingly” infected with either HIV or Hepatitis C through blood products. Around 3,000 people have now died.
The prime minister said for any government apology to be “meaningful”, it had to be “accompanied by action”.
Speaking in the Commons, Mr Sunak called it a “calamity”, saying the report showed a “decades-long moral failure at the heart of our national life”, as he condemned the actions of the NHS, civil service and ministers – “institutions in which we place our trust failed in the most harrowing and devastating way”.
The prime minister said they “failed this country”, adding: “Time and again, people in positions of power and trust had the chance to stop the transmission of those infections. Time and again, they failed to do so.
“I want to make a whole-hearted and unequivocal apology for this terrible injustice.”
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Pointing to key findings in the report – from the destruction of documents through to failures over screening – Mr Sunak said there had been “layer upon layer of hurt endured across decades”.
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He also apologised for the “institutional refusal to face up to these failings and worse, to deny and even attempt to cover them up”, adding: “This is an apology from the state to every single person impacted by this scandal.
“It did not have to be this way. It should never have been this way. And on behalf of this and every government stretching back to the 1970s, I am truly sorry.”
Labour leader Sir Keir Starmer also apologised for his party’s part in the scandal, telling the Commons: “I want to acknowledge to every single person who has suffered that in addition to all of the other failings, politics itself failed you.
“That failure applies to all parties, including my own. There is only one word, sorry.”
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Infected blood victims ‘betrayed’ by NHS
In his report, released earlier on Monday, Sir Brian issued 12 recommendations – including an immediate compensation scheme and ensuring anyone who received a blood transfusion before 1996 was urgently tested for Hepatitis C.
He also called for compensation – something Mr Sunak said would come and would be outlined in the Commons on Tuesday.
But speaking to Sky News’ Sarah-Jane Mee, he warned the “disaster” of the scandal still wasn’t over, saying: “More than 3,000 have died, and deaths keep on happening week after week.
“I’d like people to take away the fact that this is not just something which happened. It is happening.”
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Inquiry chair Sir Brian Langstaff spoke to Sky’s Sarah-Jane Mee.
Sir Brian said what had happened to the victims was “no accident”, adding: “People put their trust in the doctors and the government to keep them safe. That trust was betrayed.
“And then the government compounded the agony by repeatedly saying that no wrong had been done.”
But he hoped the report would ensure “these mistakes are not repeated”.
He told Sky News: “We don’t want another 30,000 people to go into hospital and come out with infections which were avoidable, which are life-shattering, which were no accident.
“And we don’t want the government to end up being defensive about them – but instead to be candid [and] forthcoming in the ways which I’ve just suggested.”