Valkyrie has filed for an ETF that will invest the majority of its net assets in companies focused on bitcoin mining.
Valkyrie has filed for an exchange-traded fund that will invest the majority of its net assets in companies focused on bitcoin mining.for the Valkyrie Bitcoin Miners ETF today. The fund plans to invest 80% of its assets in securities related to companies that derive at least 50% of their revenue from activities related to bitcoin mining, like providing specialized chips, hardware or software.
The fund won't hold any bitcoin, directly or indirectly, although it may invest up to 20% of its net assets in firms that hold bitcoin on their balance sheets. The risk disclosures point out that the fund could be impacted by the price movements of the cryptocurrency. Valkyrie has recently launched other funds focused on the bitcoin ecosystem. Though it has not yet managed to get its spot bitcoin ETF through the Securities and Exchange Commission , it successfully brought a
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