Streetbeat News

BRRR

Valkyrie Bitcoin Fund

Industry

Asset Management - Cryptocurrency

In seeking to achieve its investment objective, the Trust will hold bitcoin and will value its Shares daily based on the value of bitcoin as reflected by the index, which is an independently calculated value based on an aggregation of executed trade flow of major bitcoin spot exchanges.

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Spot Bitcoin ETFs experienced their third consecutive week of net outflows, totaling $435 million, with Grayscale's GBTC seeing the largest outflow of $454.1 million. Despite this, new issuers saw inflows, and the trend occurs as Australia considers approving spot Bitcoin ETFs, indicating a growing global market. Bitcoin's price action and the future of digital assets are key topics of interest.

Portfolio Pulse from Ivan Crnogatić

April 29, 2024 | 3:10 pm

Bitcoin ETFs experienced a significant net outflow of $218 million on Thursday, despite Bitcoin's price increase of 3.7%. Fidelity's FBTC and Valkyrie's BRRR ETFs saw their first net withdrawals, while Grayscale's GBTC faced the largest outflow. Franklin Templeton's EZBC was the exception with a net inflow. The outflows contrast with Bitcoin's price resilience, suggesting a disconnect between ETF investor sentiment and the cryptocurrency's market performance.

Portfolio Pulse from Murtuza Merchant

April 26, 2024 | 10:38 am

Cryptocurrency analyst Willy Woo predicts Bitcoin ETFs could drive Bitcoin's price to surpass gold's market cap, with price targets of $91k in bear and $650k in bull markets. The SEC approved Bitcoin ETFs from Grayscale, Bitwise, Hashdex, Valkyrie, and ARK 21Shares. Bitcoin's market cap could rise to $12.8 trillion, exceeding gold's $16.1 trillion cap. Bitcoin ETFs saw $111 billion traded in March, despite a recent 8% price drop and $83M net outflows in spot Bitcoin ETFs.

Portfolio Pulse from Benzinga Neuro

April 16, 2024 | 2:38 am

Coinshares has exercised an option to acquire Valkyrie Funds, which will add approximately $110 million to Coinshares' current AUM of $4.5 billion. The acquisition includes Valkyrie's ETF products: BRRR, BTF, and WGMI.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 10:13 am

Bitcoin ETFs made a historic debut with over $4 billion in inflows on their first trading day. Blackrock's iShares Bitcoin Trust ETF (IBIT) led with $1 billion, while Grayscale's Bitcoin Trust (GBTC) topped with $2 billion after converting to a spot Bitcoin ETF. Fidelity's Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) also saw significant inflows. Other funds like Valkyrie, WisdomTree, and Hashdex had inflows below $10 million. Bitcoin was trading at $46,279 with a market cap of $900 billion.

Portfolio Pulse from Piero Cingari

January 11, 2024 | 11:12 pm

The SEC has approved 11 Bitcoin ETFs for trading, leading to a surge in Bitcoin's price and a strong start for the ETFs on their first trading day. Despite expectations of a sell-off following the approval, the crypto market continues to trend higher. The ETFs, including ARKB, BITB, IBIT, FBTC, EZBC, GBTC, DEFI, BTCO, BRRR, HODL, and BTCW, all showed positive early price action.

Portfolio Pulse from Adam Eckert

January 11, 2024 | 3:58 pm

Valkyrie Investments has launched one of the first spot bitcoin ETFs in the U.S., leveraging its investment management expertise and successful track record in cryptocurrency.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:11 pm

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