Valkyrie Funds News

Crypto asset management firm Coinshares has rebranded its Nordic ETP brand XBT Provider to “CoinShares XBT Provider” and is preparing to expand in the second half of 2024.

Mergers and acquisitions (M&A) financing activities in the cryptocurrency sector through the first quarter of 2024 are up 22% compared to the previous quarter, according to a research note from Architect Partners.

Meltem Demirors, the former chief strategy officer of CoinShares, was part of a reshuffle at the firm and is no longer on the executive committee.

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Valkyrie Funds LLC said on Friday it will halt buying of ethereum for the Valkyrie Bitcoin and Ether Strategy ETF and unwind any positions already acquired, a stumbling block in its bid to be the first to bring an exchange traded fund (ETF) tied to the cryptocurrency ethereum to the market. «The Fund will not purchase ether futures contracts until the effectiveness of an amendment to the Fund's registration statement contemplating the addition of ether futures contracts to the principal investment strategy of the Fund,» Valkyrie said in a filing with the Securities and Exchange Commission. «Until such time, the Fund will unwind any existing positions in ether futures contracts.» Valkyrie announced Thursday it had received the green light to acquire ethereum futures contracts as part of the conversion of an existing ETF tied only to Bitcoin to include ethereum.

The SEC gave a big present to crypto ETF firms just ahead of the likely government shutdown, reportedly granting approval for a number of ethereum futures strategies that could start trading soon.

Ethereum (ETH) futures exchange-traded funds (ETFs) is likely to rollout next week, ahead of the potential US Government shutdown, Bloomberg analysts note.

Asset management firm Valkyrie Funds has filed for an Ethereum Strategy exchange-traded fund (ETF) that will invest in Ether futures.

A new exchange-traded fund (ETF) backed by Bitcoin (BTC) futures and with 2x leverage is set to go live on Tuesday after the Securities and Exchange Commission (SEC) appears to have given the greenlight.

The crypto industry saw an increase in professional investors at record rates, the Wall Street Journal reported.

As supply-chain woes continue and the U.S. dollar battles to fight back inflation concerns, crypto remains an alluring port in the current financial storm.