Valkyrie and Kryptoin ETF rejected
On Wednesday, the U.S. Securities and Exchange Commission (SEC) wrote in a letter that it rejected investment firm Kryptoin's application for a spot Bitcoin exchange-traded fund (ETF). It also rejected Valkyrie's application for a spot Bitcoin exchange-traded fund, saying that both products failed to meet the regulator's standards. The SEC used the same arguments to deny the investment as it did before. The Commission believes that exchanges that act as price determinants for assets do not meet the Commission's requirements.Regulators require centralized and decentralized exchanges to prevent fraudulent manipulation and even volatile price fluctuations. Commissioners believe exchange-traded products related to Bitcoin could be significantly impacted by manipulation in the spot market, contrary to investors' interests, the regulator said.
There won't be a spot Bitcoin ETF in 2021
Unfortunately, although 2021 is almost over, the market has yet to see the U.S.'s first physically-backed digital asset product. Although there is no Bitcoin spot ETF in the U.S., Canadian regulators approved ETFs that hold Bitcoin directly earlier this year. The U.S not having a Spot ETF by the end of the year was not unexpected either, as the chairman of SEC, Gary Gensler, has indicated that he prefers a Bitcoin futures ETF to one that holds Bitcoin itself.Last week, the U.S. Securities and Exchange Commission (SEC) delayed its review of Grayscale and Bitwise's proposals for their spot Bitcoin exchange-traded funds (ETFs) by 45 days, according to filings on both products. The SEC has typically delayed its decisions on spot Bitcoin ETFs for as long as possible. If it decides to do so, it may delay its decision on the Bitwise and Grayscale products for several more months beyond February.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
