-
Valkyrie files for spot bitcoin ETF joining BlackRock, others
Fund shops big and small are lining up to offer a bitcoin spot exchange-traded fund, and another one just joined. Driving the news: Valkyrie filed for its own Bitcoin Fund on Wednesday, joining BlackRock, Bitwise Asset Management, WisdomTree and Invesco. Zoom in: The Nashville-based investment firm is the smallest shop of the bunch, with just two exchange-traded funds, and roughly $36 million in assets under management between them — all the more reason to jump at the chance to launch the holy grail of them all: A bitcoin spot ETF. The big picture: Being the first to market in the ETF world helps gain those initial ... (full story)