Valkyrie Investments News

Asset management firms hoping to be among the first to win regulatory approval to launch exchange traded funds (ETFs) tied to the spot price of bitcoin updated their filings with the Securities and Exchange Commission on Thursday and Friday, as market participants said a decision from the regulator may be imminent. By late Friday afternoon, BlackRock Asset Management, VanEck, Valkyrie Investments, Bitwise Investment Advisers, Invesco Ltd., Fidelity, WisdomTree Investments and a joint venture between Ark Investments and 21Shares had all submitted new documents with regulators spelling out details of the arrangements each has made with their marketmakers to ensure trading is liquid and efficient. People familiar with the filing process said issuers that met their end of the year filing revision deadlines may be able to launch by January 10 — the date by which the SEC is required to either approve or reject the Ark/21Shares ETF. The SEC may notify issuers as soon as Tuesday or Wednesday that they have been cleared to launch the following week, said those sources, who spoke on background given the confidential nature of the discussions.

Toronto, Ontario–(Newsfile Corp. – July 9, 2024) – Cypherpunk Holdings Inc . (CSE: HODL) (OTC Pink: CYFRF) (“Cypherpunk” or the “Company”), a Canadian-based holding vehicle dedicated to investing in companies, technologies, and protocols within the blockchain ecosystem today announced the appointment of Leah Wald, crypto industry veteran, as President and Chief Executive Officer.

Bitcoin breached the $45,000 mark for the first time since April 2022. What led to the high? Will the rally sustain in 2024? Here are 10 things to know about recent developments in the crypto space:

Also Read: Bitcoin jumps 160% in 2023 amid roller coaster ride; What lies ahead for cryptocurrencies? The rally in Bitcoin price comes on expectation that the US Securities and Exchange Commission (SEC) will approve the launch of a spot bitcoin Exchange-Traded Fund (ETF). As per a Reuters report, the SEC is required to either approve or reject the Ark/21Shares ETF by January 10.

By Suzanne McGee and Hannah Lang

European digital asset management firm CoinShares secured the exclusive option to acquire the exchange-traded fund (ETF) unit of its United States competitor Valkyrie Investments, including the Valkyrie Bitcoin Fund that’s awaiting approval in the U.S.

Digital asset manager Valkyrie Investments is the latest firm to amend the spot Bitcoin (BTC) exchange-traded fund (ETF) filing with the United States securities regulators.

BlackRock filed for a spot bitcoin ETF with the United States Securities and Exchange Commission (SEC). It filed its application through the company that manages its family of ETFs — iShares. It set off a trend with several other traditional finance and crypto-heavy financial institutions refiling for spot ETFs.

Today, Nashville-based asset management firm Valkyrie Investments secured approval from the U.S. Securities and Exchange Commission (SEC) to launch the first-ever exchange-traded fund (ETF) for Ethereum futures. This could mark an important milestone for digital asset investment in the United States.

The SEC’s hesitation to approve the first Bitcoin ETF is putting pressure on the Bitcoin price, which is painful for crypto holders. Thanks to TradeSanta’s automated trading tools connected to spot and futures trading platforms, traders can reduce risks and take advantage of downturns.

In episode 11 of Hashing It Out, Cointelegraph's Elisha Owusu Akyaw (GhCryptoGuy) speaks to Steven McClurg, the chief investment officer of Valkyrie Investments, about the state of Bitcoin ETFs and the way forward. 

Justin Sun, founder of TRON, could be the actual buyer behind the deal for the acquisition of Huobi Global, according to sources with the matter.

Cryptoverse: Holding your breath for a bitcoin bounce

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Bitcoin plunged to the lowest in about 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown. The world's largest digital token tumbled as much as 15% to $23,336 — its lowest since December 2020. Other cryptocurrencies also declined as a broader sell-off continued. The MVIS CryptoCompare Digital Assets 100 Index, which measures 100 of the top tokens, dropped as much as 15%. And the total market value, which topped $3 trillion in November, was $1.02 trillion as of 9:48 a.m. New York time on Monday, according to CoinGecko. «The fundamentals to support stabilization and recovery just aren't there,» said Steven McClurg, co-founder and CIO at crypto fund manager Valkyrie Investments. «Things can and likely will get worse before they get better.»

Bitcoin might be registering tepid moves as of late but that doesn't mean investors have become less anxious about the largest cryptocurrency's prospect for further declines. The put-to-call ratio on the coin hit a 12-month high at 0.72, meaning that many traders are loading up on hedges in the event it embarks on another leg lower and its losses deepen. The ratio hit a high of 0.96 April last year before prices plunged roughly 50% the following month, according to option Skew data compiled by Babel Finance. It «signals cynicism in the markets with rising bearish sentiment,» said Josh Olszewicz, head of research at Valkyrie Investments. «Given the macro situation globally, and the near uniform risk-off trade currently dominating most asset classes, traders have followed suit with their Bitcoin strategies.»

Bitcoin might be registering tepid moves as of late but that doesn’t mean investors have become less anxious about the largest cryptocurrency’s prospect for further declines.

Avalanche (AVAX) jumped 43.8% between March 14 and March 31 to a $97.50 daily close, which is the highest level since Jan. 5. This layer-1 scaling solution uses a proof-of-stake model and has amassed $9 billion in total value locked (TVL) deposited on the network’s smart contracts.

Cointelegraph sat down with Leah Wald, CEO of digital asset investment firm Valkyrie Investments, to learn more about the importance of a Bitcoin (BTC) exchange-traded fund (ETF) and the future of digital assets. 

Blockchain network Avalanche announced the launch of Avalanche Multiverse, an incentive program that will accelerate the adoption of subnets that are app-specific blockchain ecosystems.

ProShares Bitcoin Strategy ETF was listed with major excitement in the US as the first-ever crypto-ETF on 19 October. After its bumper listing, BITO recently experienced “25% turnover” in one day, as per Bloomberg’s senior analyst Eric Balchunas.