ETF News

Valkyrie Eyes ETF Tracking Firms Bullish on Bitcoin

0
golden bitcoin on wood background

Crypto manager Valkyrie is looking to list an exchange-traded fund that tracks firms with large Bitcoin holdings, according to a regulatory filing.

Dubbed as the Valkyrie Balance Sheet Opportunities ETF, the fund intends to list and trade its shares on the Nasdaq. Its shares on the exchange may be below, at, or above its net asset value.

The fund invests in firms bullish on cryptocurrencies such as MicroStrategy, Square, Tesla, along with firms BlackRock, Mastercard, Robinhood, PayPal, Overstock, BTCS, and Coinbase.

Valkyrie Chief Investment Officer Steve McClurg said the fund is unlikely to tap the billions of dollars in inflows in the US Bitcoin Futures ETF market but noted that futures mostly appeal to hedge funds and momentum traders.

Valkyrie warned investors to review the risks that come along with the offer before they pour in their funds. BTC is down 0.56%.

E-Commerce ETF: Top 3 to Profit From E-commerce Revolution

Previous article

Emerging Market Value ETFs to Pick Up in 2022

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in ETF News