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MicroStrategy's premium to Bitcoin reflects investor confidence in its management, debt-leveraging strategy to acquire more BTC, and potential for future growth beyond its crypto holdings.
According to the Wall Street Journal, the SEC has found the spot ETF filings lacking in info, requesting firms refile with more.
CoinShares completes its strategic acquisition of Valkyrie ETF Business, enhancing its U.S. market presence and increasing global AUM. (Read More)
Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.
Ripple CEO Brad Garlinghouse recently asserted that former SEC Division of Corporation Finance Director William Hinman “received millions of dollars of payments from his law firm” which had a vested interest in a well-known 2018 speech given by the then SEC official. In other news, crypto exchange EDX has launched backed by Charles Schwab, Citadel [...]
The post Garlinghouse: SEC Official Received ‘Millions’ From Vested Interests, Tradfi Heavyweight Crypto Exchange EDX Launches, Peter Schiff on USD Decline — Week in Review appeared first on Crypto Breaking News.
Discover seven advanced humanoid robots, their capabilities and applications in various fields.
Valkyrie, a cryptocurrency fund manager, has submitted an application to the Securities and Exchange Commission (SEC) for a Bitcoin spot exchange-traded fund (ETF), joining a number of other financial institutions who have recently done the same. On June 21, Valkyrie submitted an S-1 registration form to the SEC for a Bitcoin spot ETF. It stated […]
On Wednesday, Valkyrie Funds, a Tennessee-based asset manager offering a bitcoin futures exchange-traded fund (ETF), a defi fund, and a bitcoin mining industry ETF, filed with the U.S. Securities and Exchange Commission (SEC) for the launch of a spot bitcoin ETF. SEC Flooded With Spot Bitcoin ETF Applications as Valkyrie Funds Steps Into the Ring
The post Valkyrie Funds Joins Race for SEC Approval as It Files Application for Spot Bitcoin ETF appeared first on BTC Ethereum Crypto Currency Blog.
The SEC has yet to approve a single Bitcoin spot ETF. Despite that, firms like Valkyrie and Blackrock are hopeful.
With spot Bitcoin ETFs filings helping boost the price of Bitcoin, some suggest the “window to front-run institutional demand is closing.”
A newly updated spot bitcoin ETF by Valkyrie Investments adds to a slew of institutional filings following BlackRock’s.
Bitcoin (BTC) exchange-traded products (ETPs) saw inflows of 6,031 BTC in the past week, according to data shared by Arcane Research’s Vetle Lunde.
The post Crypto ETPs sees 9000 BTC inflow in January appeared first on CryptoSlate.
Valkyrie Investments has laid out a proposal to become the new sponsor and manager of Grayscale’s troubled bitcoin trust (GBTC) and fix its large discount.
The Valkyrie Balance Sheet Opportunities Fund is expected to liquidate on October 31, 2022. (Read More)
Valkyrie Funds, one of the leading fund managers in the digital assets space, is set to liquidate and delist one of its Bitcoin-related exchange traded funds (ETFs).
The US-based ETF provider looks to offer access to opportunities in the digital asset economy via traditional investment vehicles, with several exchange-traded funds available for investors.
However, as announced on 11 October, the company is liquidating one of the funds. This follows a decision by the board to discontinue the Valkyrie Balance Sheet Opportunities ETF, which had traded on the Nasdaq Exchange under the ticker VBB.
Valkyrie reviewing products to align with client demandAs an actively managed ETF, VBB is invested in innovative public companies that have exposure to bitcoin. Investors had indirect exposure to the cryptocurrency.
According to the firm, liquidation of the ETF is part of Valkyrie’s review of the available products, whose goal is to ensure the company meets its clients’ demands.
“Shareholders may sell shares up until the end of the trading day on October 28, 2022, understanding that a decision to close this fund will not impact any potential brokerage fees due as a result of said transaction.”
Valkyrie Funds in a press release published on 11 October 2022The liquidation will happen on 31 October, 2022, with the delisting from the Nasdaq to follow.
As per Valkyrie, shareholders who’ll still be holding shares of the liquidated ETF will receive a cash distribution equivalent to their shares’ net asset value (NAV).
Valkyrie Funds launched its Valkyrie Bitcoin Strategy ETF (BTF) in October 2021 after receiving regulatory approval from the US Securities and Exchange Commission (SEC). It also unveiled the Valkyrie Bitcoin Miners ETF (WGMI) in February this year.
But like other companies looking to offer a spot Bitcoin ETF, Valkyrie has yet to get its its proposal approved by the SEC.
The post Valkyrie to liquidate and delist Bitcoin-related ETF appeared first on Invezz.
Valkyrie SMAs’ launch comes after similar offerings by Coinbase, Ark Invest, Bitwise, and Franklin Templeton. (Read More)
An alternative investment company, Valkyrie, has added $73.6 million in capital into two crypto-focused trust funds. Valkyrie initially had $1.2 billion in assets under management at the end of the second quarter. This information is in amended filings with the United States Securities and Exchange Commission (SEC). Over the years, crypto investments and Decentralized finance have proven to be a great alternative to the traditional finance system. It could be because DeFi has a way to boycott the bureaucracy in the financial system. Decentralized Finance (DeFi) allows the use of digital ledger technologies. Digital technology enables investors to access and control their assets and financial data in global financial transactions. Related Reading: WATCH: Ethereum Merge Sell The News Event | ETHUSD September 15, 2022 With DeFi, developers have created financial instruments that can operate digital assets without limitations. Loan collateral and debt obligations can all be tokenized with Decentralized Finance. Since blockchain technologies are transparent and accessible, many investors now channel their finance into the Crypto industry. As a result, traditional finance keeps flowing into the crypto industry, even with the bear market. Details Of The Valkyrie Tron Trust According to reports, the oldest fund was launched in 2021. The Valkyrie Tron Trust offers eligible investors access to the TRX cryptocurrency. According to the SEC filings, the trust has raised $50 million from a small sum of $57 in sales in July 2021. Tron is a blockchain-based decentralized digital platform with its cryptocurrency known as TRX. It aims to host entertainment applications and enable content creators to sell their work directly to consumers. Tron has been increasingly gaining recognition in the crypto market recently. A spokesman of Valkyrie noted that Investors are taking note of the continuous transaction growth recorded recently by the Tron network. Valkyrie Avalanche Trust Increased AVAX Exposure Meanwhile, the Valkyrie Avalanche Trust is bringing exposure to the AVAX token. The trust appeared in an SEC filing in January, but no sale has been recorded. The trust has raised $24 million out of the $25 million target mentioned by Valkyrie in May. Valkyrie’s Spokesperson commented that the Avalanche adoption rate is increasing significantly. He referred to KKR’s deal with Securitize for tokenization of a private equity fund on Avalanche blockchain announced earlier this week. A Brief On Valkyrie Valkyrie is a Tennessee-based investment company. The company offers trust funds based on eight protocols, three Nasdaq-listed exchange-traded funds (ETFs), Decentralized finance (DeFi), and protocol treasury business management. The SEC approved Valkyries’ XBTO Bitcoin Futures Fund in May. The crypto investment firm announced plans to enter into venture capital with a $30 million fund two months after the approval. The fund’s targets are new start-up companies in Israel. Valkyrie’s customer base is mainly from the U.S, and this may help assist the Israeli teams. Related Reading: WATCH: Bitcoin Bear Market Corrective Patterns Examined | BTCUSD September 14, 2022 Valkyrie also closed a deal of an $11 million strategic funding round in July. Top traditional finance companies BNY Mellon and Wedbush are backing the fund. Featured image from Pixabay, Charts from TradingView.com
Two crypto-focused trusts owned by digital asset manager Valkyrie have raised $73.6 million. (Read More)
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Bitcoin mining company, Luxor, has launched indices that track hash rate price and cost of ASIC miners in order to analyze the various costs related to mining.
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