ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Crypto Channel
  2. Valkyrie Seeks to Invest in Bitcoin Mining
Crypto Channel
Share

Valkyrie Seeks to Invest in Bitcoin Mining

James ComtoisJan 27, 2022
2022-01-27

Digital asset investment manager Valkyrie Funds LLC has applied to launch an ETF with exposure to bitcoin mining firms. According to a filing with the SEC, the Valkyrie Bitcoin Miners ETF, a series of Valkyrie ETF Trust II, intends to list and trade on the Nasdaq Stock Market.

The actively managed fund would invest at least 80% of its net assets in companies that derive at least half of their revenue or profits from bitcoin mining operations or from providing hardware and software connected to bitcoin mining. Valkyrie would invest up to 20% of the fund’s net assets in companies holding “a significant portion of their net assets” in bitcoin, the filing says. The fund will not, however, invest in bitcoin directly, or indirectly through derivatives or investments in funds or trusts that hold bitcoin.

Valkyrie will serve as the fund’s investment advisor, with Vident Investment Advisory LLC as its sub-advisor. The fund has an expense ratio of 0.75%.

This would be Valkyrie’s third crypto-focused ETF. In December, the issuer launched the Valkyrie Balance Sheet Opportunities ETF (VBB ), an actively managed fund focused on equities that invest in bitcoin, including companies like MicroStrategy, Square, Tesla, and others. In November, it launched the Valkyrie Bitcoin Strategy ETF (BTF ), a bitcoin futures fund.

A recent survey from the Financial Planning Association shows that more than 80% of financial advisors being asked about cryptocurrencies. However, many struggle effectively allocate clients to this asset class. With more than a dozen publicly traded companies in the U.S. already holding bitcoin, according to data from BuyBitcoinWorldwide, and more corporations, countries, and other entities entering the space with each passing day, investing in these companies provides the kind of indirect exposure that many individuals are seeking.

“Bitcoin and digital assets are seeing increasing interest from all corners of the globe,” said Valkyrie CEO Leah Wald in a news release announcing the launch of VBB. “The companies with exposure to bitcoin read the tea leaves and have decided to take action in an attempt to preserve their value, but also as another means to potentially generate more returns for shareholders in the decades to come.”

For more news, information, and strategy, visit the Crypto Channel.

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X