VBB will trade on Nasdaq
Valkyrie Funds, LLC , an emerging investment manager focused on the digital asset class, is excited to announce the launch of the Valkyrie Balance Sheet Opportunities ETF, an exchange traded fund (ETF) that aims to invest in innovative public companies with exposure to bitcoin.
More than 80 percent of financial advisors are being asked about cryptocurrencies, according to a recent survey from the Financial Planning Association, but many struggle to effectively allocate clients to this asset class. With more than a dozen publicly traded companies in the U.S. already holding Bitcoin, according to data from BuyBitcoinWorldwide, and more corporations, countries, and other entities entering the space with each passing day, investing in these companies provides the kind of indirect exposure that many individuals are seeking.
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“Bitcoin and digital assets are seeing increasing interest from all corners of the globe,” said Leah Wald, CEO at Valkyrie. “The companies with exposure to bitcoin read the tea leaves and have decided to take action in an attempt to preserve their value, but also as another means to potentially generate more returns for shareholders in the decades to come.”
More than half of US Bitcoin holders first got into the cryptocurrency this year, according to a recent study, and 59 percent of investors are interested in Bitcoin investments – an increase from only 36 percent just two years ago. VBB offers another avenue for investors to be able to gain exposure to this rapidly growing asset class.
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The goal of this actively managed fund is to invest primarily in companies that directly or indirectly invest in, transact in, or have exposure to the bitcoin asset class on their balance sheets, or those that operate within the bitcoin ecosystem. The fund does not invest directly in bitcoin.
This fund is the second in a family of ETFs planned to be offered by Valkyrie Funds designed to enable investors to participate in the digital asset space.
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