The Securities and Exchange Commission (SEC) has announced further proceedings to determine whether the proposed Valkyrie Bitcoin Fund spot ETF should be approved or disapproved. This suggests another delay in the approval process. The SEC has requested input from commentators on various issues, including the prevention of fraudulent and manipulative acts, the liquidity and transparency of bitcoin markets, and the potential surveillance-sharing agreement with Coinbase. Commentators have 21 days to submit their views and arguments, followed by a 35-day period for rebuttals. This indicates that the approval process will likely continue for several more months. The content is negative in sentiment.

AI Sentiment: Negative