2 years ago
338 Asset management firm Valkyrie has rolled out the Valkyrie Balance Sheet opportunities ETF (VBB) to enable investors to have wider exposure to Bitcoin.
The actively managed ETF VBB will include companies like Tesla, Square, Microstrategy, and others, according to a regulatory filing.
The VBB ETF aims to invest primarily in firms that are directly or indirectly involved in the transaction, investment, or exposure of Bitcoin or those that operate in the industry. However, the funds will not be used to invest directly in Bitcoin.
Although more than 80% of financial advisors are being asked about crypto assets, many of them are still struggling to allocate clients to the asset class.
However, more than a dozen publicly traded companies in the United States currently hold Bitcoin, with more countries, organizations, and other entities looking to enter the space.
More Investors To Be Exposed To Bitcoin
Chief Executive Officer at Valkyrie, Leah Wald, stated that digital assets, and particularly Bitcoin, are seeing increased interest from all parts of the world.
But there has been an increase in the exposure to Bitcoin, as more than 50% of the token holders got into cryptocurrency this year. Two years ago, about 39% of investors were interested in Bitcoin but this has now increased to 59%, Wald stated. With the launch of VBB ETF, more investors will be able to gain more exposure to the cryptocurrency.
This will be the second actively managed fund the Valkyrie Funds has launched to allow investors to participate in the digital asset space.
Providing A Balance Between Traditional And Digital Finance
Valkyrie Funds will be providing investors with capital appreciation as an actively traded ETF. The Fund is Headquartered in Nashville and operates as a specialized alternative financial services firm. It provides a balance between the traditional financial system and the digital finance world, offering research, asset management, and other services.
It is managed by highly experienced asset managers with a reputation in the industry. These asset managers have previously established publicly traded funds and exchanges and multiple ETFs with backgrounds across The World Bank, Chicago Mercantile Exchange, Chicago Board of Trade, and UBS.
