Valkyrie Investments Seeks More Control of the Grayscale Bitcoin Trust
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Valkyrie Investments is working to become the new sponsor and manager of the Grayscale Bitcoin Trust, arguably the largest digital currency fund in existence. Valkyrie Investments Wants a Bigger Role in Grayscale’s Environment Based in Nashville, Tennessee, Valkyrie is tasked with managing $180 million in assets. In late December, the firm announced what’s to be called the Valkyrie Opportunistic Fund, which will take advantage of discounts being offered through Grayscale Investments. Valkyrie will thus increase its bitcoin holdings in the fund so it can realize the full value of bitcoin. It will also pursue additional bitcoin and digital currency opportunities
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. Valkyrie Investments has laid out a proposal to take up the reins of troubled bitcoin trust GBTC. “We understand that Grayscale has played an important…
In a filing dated August 4, Valkyrie applied to add an Ethereum futures ETF to its Bitcoin Strategy ETF (BTF). However, it would seem this move was pushed back by the SEC as the asset manager has now filed a separate application to offer an Ether futures ETF. Valkyrie Moves…