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Bitcoin

On Friday, CoinShares International announced the utilization of an option to acquire Valkyrie Funds, a move aimed at broadening the U.S. offerings of the European digital asset firm. This decision comes in the wake of Valkyrie’s spot bitcoin exchange-traded fund securing approval from U.S. regulators. 
<a href="https://www.unlock-bc.com/115731/a-new-dawn-in-financial-markets-spot-bitcoin-etfs-finally-approved-by-sec/" class="ek-link">The U.S. Securities and Exchange Commission granted approval on Wednesday for eleven U.S.-listed ETFs, including Valkyrie’s</a>, which track the spot price of bitcoin, the world’s largest cryptocurrency. These ETFs experienced significant activity, with a total of $4.6 billion worth of shares traded by Thursday as investors eagerly embraced these groundbreaking products. 
CoinShares’ acquisition will involve taking control of Valkyrie’s assets under management, totaling around $110 million. These assets are distributed across the Valkyrie Bitcoin and Ether Strategy ETF (BTF.O), the Valkyrie Bitcoin Miners ETF (WGMI.O), and the recently introduced Valkyrie Bitcoin Fund (BRRR.O), as per CoinShares. 
With a current management portfolio of $4.5 billion in assets focused on crypto exchange-traded products, CoinShares’ Stockholm-listed shares experienced a 3.4% decline in their latest trading session. The completion of the acquisition is contingent upon the final approval of the company board and the successful conclusion of due diligence procedures, as indicated by CoinShares. 
The post <a rel="nofollow" href="https://www.unlock-bc.com/115916/coinshares-to-acquire-valkyrie-funds-post-sec-approval/">CoinShares to Acquire Valkyrie Funds Post SEC Approval</a> appeared first on <a rel="nofollow" href="https://www.unlock-bc.com">UNLOCK Blockchain</a>.

CoinShares to Acquire Valkyrie Funds Post SEC Approval

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