Crypto Market’s Recovery Helps AUM of Valkyrie Investments To Go Above $1 Billion

Digital asset manager Valkyrie Investments — the parent company of Valkyrie Funds and Valkyrie Digital Assets — has announced that “it has now topped $1 billion in assets under management (AUM).”

According to the press release issued by the firm on Tuesday (February 15), “this milestone was reached as a result of the firm growing AUM more than 95 percent in the past 12 months even as the broader markets entered into correction.”

Valkyrie Funds, which was launched in 2021, is the sponsor of three “Bitcoin-adjacent” exchange-traded funds (ETFs) that trade on Nasdaq:

  • Valkyrie Bitcoin Strategy ETF (BTF)
  • Valkyrie Balance Sheet Opportunities ETF (VBB)
  • Valkyrie Bitcoin Miners ETF (WGMI)

Here is how these three ETFs differ from each other:

“BTF offers exposure to an actively managed basket of CME Bitcoin Futures; VBB offers exposure to publicly traded firms who hold Bitcoin in the corporate treasuries or transact in the largest digital asset; WGMI offers exposure to Bitcoin miners who are using green energy to power the bulk of their operations.“

As for Valkyrie Digital Assets, which was also launched last year, it is the sponsor of several single-asset cryptocurrency trusts:

  • Valkyrie Bitcoin Trust (“BTCV”)
  • Valkyrie Polkadot Trust (“VDOT”)
  • Valkyrie Algorand Trust (“VALGO”)
  • Valkyrie Dash Trust (“VDASH”)
  • Valkyrie Tron Trust (“VTRX”)
  • Valkyrie Zilliqa Trust (“VZIL”)

Valkyrie CEO Leah Wald had this to say:

“The past year has seen soaring demand for exposure to digital assets from a wide variety of investors and market participants. From individuals seeking ETFs to family offices, pensions, and endowments eagerly allocating to hedge funds and trusts, our industry has a firm footing on which to continue growing through the remainder of this year and beyond.“

And Valkyrie CIO Steven McClurg stated:

“The response to our ETF offerings has been overwhelming and welcome. We are of course working on bringing more products to market, based entirely on feedback and demand from RIAs, family offices and others, and are excited for the year ahead.“

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Image Credit

Featured Image by “petre_barlea” via Pixabay

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