Valkyrie Investments announced on Tuesday it has crossed $1 billion in assets under management (AUM), partly underscoring the volatile cryptocurrency market’s tentative recovery from a brutal fall-winter slump.
To be sure, digital tokens are a long way from the crypto market’s rip-roaring heyday back in the fall, when Bitcoin (BTC-USD) scaled to a fresh record near $69,000, but Valkyrie’s announcement showed how some crypto asset managers are positioning themselves to outlast the whipsaw…
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