- This is the fourth major investment company in the last week
- Like BlackRock, the organization plans to bring the product to Nasdaq
- It will be available under the ticket BRRR
- Other counterparties, WT and Invesco, chose Cboe
- Ahead of that, Valkyrie successfully launched two major ETFs, BTF and VBB
The investment company Valkyrie Digital Assets filed with the SEC yesterday, June 21 to register a new exchange-traded product. This is the fourth counterparty that has announced plans to bring spot bitcoin-ETFs to the U.S. market.</nbsp;
The trend was started by the BlackRock fund. The organization’s portfolio firm filed last week. WisdomTree and Invesco followed.
As for Valkyrie, its new ETF will be available on Nasdaq (like the BlackRock product) under the BRRRR ticker. Notably, WisdomTree and Invesco chose Cboe.
It’s interesting that before that, in March, Valkyrie Investments chief investment officer Stephen McClurg denied the company plans to develop a new exchange product. He said that the issue of a spot bitcoin-ETF is possible only after the next election.</nbsp;
But it seems that the example of BlackRock has inspired the company. And whether this initiative will be a success will be known in the near future.
Valkyrie is far from new in this area. In 2021, the company registered the second futures bitcoin-ETF in the U.S. (BTF). Two months later, another product, VBB, is released under the company’s patronage.