Valkyrie Digital Assets LLC , the sponsor of the Valkyrie Bitcoin Trust, Valkyrie Algorand Trust, and the Valkyrie Polkadot Trust, announced the launch of its fourth investment vehicle, the Valkyrie Dash Trust (the “Trust”).
The Trust is the first investment vehicle at Valkyrie to invest solely in Dash (DASH), the digital asset that powers the Dash Network. The primary investment objective of the Trust is to reflect the value of Dash held within, to offer investors access and exposure to the cryptocurrency in an insurable, cost-effective manner.
“Dash is a well-known, respected name in the payments space in many areas of the world, and has an engaged, loyal following,” said Valkyrie Investments CEO Leah Wald. “One of our goals at Valkyrie is to enable those underserved by traditional financial firms to have access to financial services, and expanding investment into the Dash ecosystem is part of that mission.”
This Trust launch comes on the heels of multiple trust launches this year, and precedes a handful of additional investment vehicles currently in the works from Valkyrie. It also comes only one week after the launch of DashDirect, a groundbreaking instant-savings retail app that allows users to pay with Dash cryptocurrency and obtain exclusive discounts on everyday purchases at over 155,000 national chain retailers and mom-and-pop shops in the U.S. DashDirect can be used at a myriad of familiar favorite brick-and-mortar as well as online retailers such as Best Buy, DoorDash, Instacart, CVS, Lowe’s, Staples, The Home Depot, Autozone, GameStop, Chili’s, Ulta, Chipotle, Subway, American Eagle, and more.
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“The Dash community is thrilled that Valkyrie launched a Dash Trust, because they are committed to education and research for the assets they support,” said Ryan Taylor, CEO of Dash Core Group. “This new product makes it possible for investors to easily gain exposure to Dash within brokerage accounts, including IRAs, which we know many investors will appreciate.”
Dash is one of the biggest, most widely held, and use cryptocurrencies in the world, especially in developing countries including in the Middle East and Latin America, where high inflation and other monetary policy challenges have led people away from their countries’ fiat currencies and more towards digital assets because they are easier to send and receive. Valkyrie is committed to educating the public on the benefits of Dash and other cryptocurrencies as it launches investment vehicles for them.
