Digital asset investment firm, Valkyrie, has become the first spot Bitcoin Exchange-Traded Fund (ETF) to diversify the custody of its coins, according to a recent Securities and Exchange Commission (SEC) filing. In a move to enhance security and reliability, Valkyrie is now working with leading custodian provider BitGo, already in addition to Coinbase, to safeguard their funds….
Being the third lowest performer by trading volume among the 11 spot Bitcoin ETFs that debuted on Thursday, Valkyrie’s spot Bitcoin ETF garnered just under $9 million in trading volume during the day. CoinShares International Limited, a leading player in the European digital asset industry, announced today that it has exercised its option to acquire…
According to the Valkyrie exec, the possibility of an ETH or XRP spot ETF is much higher especially since spot Bitcoin ETFs are likely to be approved. The Chief Investment Officer of Valkyrie Funds Steven McClurg has said that XRP exchange-traded funds (ETFs) are now a possibility. According to McClurg, the market could see XRP…
The Valkyrie CIO says that the SEC will ask for comments and possibly approve an ETF proposal this month after all issues are addressed. A Valkyrie Investments exec has hinted at a strong possibility for a spot Bitcoin ETF approval this month. According to Chief Investment Officer (CIO) Steven McClurg, the United States Securities and…
As of late October, the SEC is reportedly reviewing eight to ten potential spot Bitcoin spot ETF filings. Asset manager Valkyrie has recently made waves due to its decision to amend its prospectus for a spot Bitcoin (BTC) ETF filed with the US Securities and Exchange Commission (SEC). The Valkyrie Bitcoin ETF Update James Seyffart,…
The news of the new Valkyrie ETF caused a spike in Ether price. Asset manager Valkyrie has received approval to convert its Bitcoin futures exchange-traded fund (ETF) to a two two-for-one investment vehicle by combining Bitcoin and Ether futures contracts into one contract. The firm has already started buying Ether futures contracts. In a statement…
In a new interview with Bloomberg, Steven McClurg, the CIO of Valkyrie Investments, predicts that a Bitcoin spot ETF could become a reality by Q1 2024, potentially marking a significant milestone for the crypto industry. Further, he indicated there is a “50%” chance a Bitcoin ETF is approved in October, the earliest that such a fund…
Along with investing in Ether Futures, the Valkyrie Ethereum Strategy ETF will invest in other instruments like cash, cash-like instruments, or high-quality securities. On Wednesday, August 16, Valkyrie Funds filed with the US Securities and Exchange Commission (SEC) for a new fund that would specifically invest in Ether Futures. With this, Valkyrie joins the likes…