Digital Asset Management News

The filing specifies that Valkyrie’s ETF may invest up to 10% of its net assets in securities of Bitcoin mining firms, as well as up to 5% in the securities of pooled investment vehicles in the U.S. that hold BTC.

With the addition of the new fund, 10T Holdings’ assets under management would likely exceed $1 billion.

The Bitcoin assets under management (AUM) market fell 9.5% to $48.7 billion in November while altcoin-based crypto funds such as Ether saw their AUM rise 5.4% to $16.6 billion.

The crypto firm is expected to offer investment options for DeFi and NFT assets.

Some institutional players, online retailers, and media organizations have called for recruits with experience in crypto or blockchain.

In March, research from Alpha Sigma Capital suggested that the platform would reach $30 billion in assets under management by the end of 2025.

The fund will greatly expand to cover all aspects of digital currency while also working with related financial institutions.

The filing came before the commission's June 17 deadline to approve or disapprove of the Bitcoin ETF following an extension in April.

The firm aims to let U.S. investors get exposure to crypto through a private fund tracking the Nasdaq Crypto Index.

The group already has Bitcoin and Ether ETPs listed on the Deutsche Börse Xetra.

Forbes ranks the top traditional asset managers, but who ranks the top regulated digital asset managers?

CoinShares CEO Jean-Marie Mognetti said its proposed Bitcoin ETF aims to make "digital assets more accessible to investors of all types."

Bordier & Cie partners with digital asset bank Sygnum to offer crypto trading to clients.

Eric Balchunas said the Purpose Bitcoin fund could surpasses all other ETFs in Canada within two months, "barring a nasty selloff."

“Holding some portion of what you hold in cash in things like crypto seems to make some sense to me," said Rick Rieder.