Valkyrie Investments announced Tuesday that it has surpassed A 1 billion in assets under management (AUM), partially underscoring the temporary recovery from the brutal fall-winter recession of the volatile cryptocurrency market.
To be sure, digital tokens are far from the roaring days of the crypto market, when Bitcoin (BTC-USD) scaled to a new record close to $ 69,000, but Valkyrie's announcement shows how some crypto asset managers are positioning themselves beyond the whips action. To go
From individuals to family offices, pensions and endowments to eagerly allocated hedge funds and trusts, our industry has a strong foundation on which growth will continue for the rest of this year and beyond, Valkyrie CEO Leah Wald said in a press release. .
The firm has launched its Strategic Bitcoin Fund (BTF), the second SEC-approved Bitcoin Exchange Traded Fund (ETF), and by the end of October, the firm now operates two more Bitcoin-linked ETFs.