"95% Sure" Bitcoin ETF to Trade On Thursday: Valkyrie CEO

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Bloomberg Jan 9 14:34

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  • 00:00 If you get past today, the SEC tomorrow says, OK, you're all clear, you can start trading on Thursday.
  • 00:05 How soon before you turn around and try to make other spot products for different crypto assets?
  • 00:10 You know, I think we're going to see a lot of filings come out for Ethereum.
  • 00:14 I even think we might see something for Ripple given the recent progress.
  • 00:18 You notice that Grayscale just added Ripple to one of their trust is publicly traded.
  • 00:22 So it wouldn't surprise me if we saw Ripple or Ethereum spot ETFs out there.
  • 00:27 I really don't know if we're going to do that or not.
  • 00:29 I think those are more retail plays and people have other ways to access them.
  • 00:33 But
  • 00:34 given given that this this market, anything could happen, anything could happen.
  • 00:38 And and Steve, just to clarify because Shonali alluded to this idea that perhaps trading could begin as early as Thursday, have you received any indication from the SEC that you won't be granted approval tomorrow and that you couldn't start training trading as early as then?
  • 00:51 Yeah, we haven't received any such indication.
  • 00:53 And by the way, nobody's really received indication that that absolutely is what is going to happen.
  • 00:59 The way that the SEC works is they don't say, hey, yeah, we're going to let you go
  • 01:03 Wednesday at 4:00,
  • 01:05 you know or or Thursday
  • 01:07 a week ago.
  • 01:08 They they, they will always constantly hedge themselves.
  • 01:10 We're prepared for
  • 01:12 a
  • 01:13 effective date on Wednesday and trading on Thursday,
  • 01:16 but we know that anything can happen.
  • 01:17 So I'm about 95% sure that we will be trading on Thursday.