Valkyrie Investments Inc., a specialized alternative asset management firm, has launched an actively managed exchange-traded fund (ETF) based on stocks of companies that directly or indirectly invest, transact, or hodl bitcoin (EXANTE: Bitcoin) as a reserve asset. According to iHodl Russia, the so-called Valkyrie Balance Sheet Opportunities ETF is listed on the NASDAQ US stock exchange under the ticker "VBB."
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The fund includes shares of Coinbase, Block (formerly Square), MicroStrategy, Argo Blockchain, Phunware, Metromile, Silvergate Capital, Marathon Digital Holdings, Riot Blockchain, BTCS, Globant, Robinhood Markets, BlackRock, Mastercard Incorporated, Overstock.com, PayPal Holdings and Tesla. The company emphasizes that VBB does not offer direct investment in bitcoin. At the end of December 16, the volume of assets under the management of the fund exceeded $635,000.
Earlier in December, the US Securities and Exchange Commission rejected an application by management firm WisdomTree to register a bitcoin-spot ETF. The regulator said it had rejected the application due to the absence of agreements on joint supervision and the inability to crack down on unfair practices in the spot market.
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