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… Source link
Read More »Bitcoin ETF demand so strong we could bring ‘2 or 3’ new ones to market: Valkyrie CEO
A milestone week that began with the introduction of the first Bitcoin-based exchange traded fund (ETF) ended just as it began — with a new fund based on the world’s leading cryptocurrency. On Friday, digital asset manager Valkyrie launched its Bitcoin Strategy ETF (BTF) on the Nasdaq exchange. The company anticipates its fund will be the first of at least a couple more, as big and small investors flock to crypto investments. Valkyrie’s Bitcoin ETF followed the debut of the Proshares… Source link
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