The SEC now has 45 days to either approve or disapprove the application, or extend the review period.
Analysts are still mostly bullish on the cryptocurrency’s price, even at lofty levels compared with those just a few months ago.
The filing comes on the same day as bitcoin hit $50,000 for the first time ever.
The Accelerate Bitcoin ETF would list on the Toronto Stock Exchange under the ticker “ABTC.”
The Valkyrie Bitcoin Trust would be listed on the NYSE and Coinbase Custody Trust Co. would serve as custodian.