Valkyrie Launches New ETF

Valkyrie Investments launched a new exchange-traded fund (ETF) based on stocks of companies that directly or indirectly invest in Bitcoin, transact with BTC, or hold it as a reserve asset.

On the Nasdaq Valkyrie Balance Sheet Opportunities, the ETF will be listed under the ticker VBB.

The company has included in the fund shares of Coinbase, Block (formerly Square), MicroStrategy, Argo Blockchain, Phunware, Metromile, Silvergate Capital, Marathon Digital Holdings, Riot Blockchain, BTCS, Globant, Robinhood Markets, BlackRock, Mastercard Incorporated, Overstock.com, PayPal Holdings and Tesla. However, the fund does not offer direct investment in Bitcoin.

As of December 16, the volume of assets under the management of the fund was $635,549.

Previously, Valkyrie applied to the SEC to create a leveraged Bitcoin futures ETF.

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