Valkyrie Files for an ETF That Would Invest in Firms With Bitcoin on Their Balance Sheets
The proposed ETF would invest in companies who own bitcoin on their balance sheet, potentially serving as a proxy to the price of bitcoin.
With redemptions in sight, GBTC shareholders now know they won’t be paying a 2% annual fee forever.
In a blog post, the world's largest digital asset manager, confirmed its intent to offer an ETF.
The custody bank would provide ETF basket operations, order taking, fund accounting, fund administration and transfer agency services.
Sonnenshein thinks U.S. regulators aren't ready to approve a bitcoin ETF yet.
The two firms are just the latest to file for an ETF, following in the footsteps of WisdomTree, Valkyrie, NYDIG and VanEck.