Valkyrie Funds, LLC (“Valkyrie”), an emerging investment manager focused on the digital asset class, is excited to announce the launch of the Valkyrie Bitcoin Miners ETF , an exchange traded fund (ETF) that aims to invest in public companies in the bitcoin mining industry.
Latest Fintech Insights:Â Allumia Closes Series A2 Financing To Advance Energy Efficiency-as-a-Service Technology Platform
Mining stocks have long been an option for those seeking exposure to assets such as gold, oil, silver, etc, and Bitcoin is no different. In 2021, the industry generated $15 billion in revenue, according to The Block, growth of more than 200 percent from the year prior and evidence that the sector may benefit as adoption of digital assets continues to accelerate. Additional proof of growing interest in this space can be found in a number of Wall Street banks recently initiating analyst coverage of publicly traded miners.
“Bitcoin miners are an alternative asset class that are rapidly coming into focus for many investors,” said Leah Wald, CEO at Valkyrie. “These companies are fully regulated the same as any other publicly traded company, and offer investors yet another avenue to gain indirect exposure to the digital asset space.”
Another aspect to Bitcoin mining is the opportunity for environmentally-conscious investors to take advantage of these companies increasingly using renewable energy sources such as wind, solar, and hydroelectric, especially those that relocated last year from China to the United States. Miners are increasingly looking to use green energy because it helps the environment, and also tends to be cheaper than electricity generated from fossil fuels.
Browse The Complete News About Fintech :Â Global Rewards Taps Galileo Financial Technologies To Scale B2B Payments
The goal of this actively managed fund is to provide investors with total return by investing in public companies in the bitcoin mining industry. The fund invests primarily in public companies in the bitcoin mining industry, with 80 percent of holdings utilizing at least 50 percent renewable energy for mining. The fund does not invest directly in bitcoin.
This fund is the third in a family of ETFs planned to be offered by Valkyrie Funds designed to enable investors to participate in the digital asset space.
Read More About Fintech News :Â Payments Industry Leaders Line Up For Horizon Conference
[To share your insights with us, please write to sghosh@martechseries.com]
