Bitcoin price gains this year propelled the digital asset into the top tier of assets by market cap with over $2.1 trillion. Investors wanting to gain exposure to the increasingly popular digital gold should consider the CoinShares Valkyrie Bitcoin Fund (BRRR ).
In a challenging first half for equities and bonds, bitcoin notched multiple new record highs. Although volatile, the world’s largest cryptocurrency currently rubs shoulders with some of the largest assets by market cap. The digital gold asset has surpassed both Google (Alphabet) and silver as of June 3, 2025.
While currently the sixth largest asset by market cap at $2.1 trillion, bitcoin often occupied a spot in the top five throughout the second quarter. The digital gold asset appears well positioned in an environment of heightened uncertainty for U.S. equities and bonds, and declining confidence in U.S. assets.
The decentralized nature of bitcoin could hold increasing appeal should U.S. dollar devaluation and declining sentiment continue. Bitcoin also generated lower correlation performance to equities during equity drawdowns in April and May. Should equity correlations continue to decline, it could be a notable alternative and diversifier looking ahead.
BRRR Offers Bitcoin Exposure With ETF Benefits
Given increasing institutional adoption and a favorable regulatory environment, bitcoin is an asset worth consideration for those investors with the risk appetite for volatility. BRRR provides exposure to bitcoin’s price movements with the ease of access through traditional brokerages. Through the fund, investors can capture bitcoin price movements without the hassle of direct investment.
BRRR seeks to reflect the price performance of the CME CF Bitcoin Reference Rate – New York Variant, minus fees and expenses. This index uses the same six bitcoin exchanges as the CME CF Bitcoin Reference Rate, but calculates bitcoin’s price at New York Market close (4 p.m. ET).
The fund is a trust that passively holds bitcoin (meaning it’s physically backed). Shares held are tied to the value of the bitcoin held. It also is not an investment company, and therefore does not fall under the 1940 Act. The bitcoin held is custodied by Coinbase, BitGo, and Komainu, with private keys kept in cold storage. In other words, the means to access the bitcoin held by the custodians remains offline, disconnected from the internet. This provides an extra layer of protection from hacking.
BRRR carries management fees of 0.25%.
For more news, information, and strategy, visit the CoinShares Crypto ETF Hub.
