Valkyrie, one of Grayscale’s rivals, previously launched a bitcoin trust and a bitcoin-related exchange-traded-fund (ETF) in 2021. As part of their plan to sponsor GBTC, the world’s largest bitcoin fund, the Tennessee-based company also announced the launch of a new fund, the Valkyrie Opportunistic Fund, LP that seeks to take advantage of GBTC’s discount to the value of its underlying bitcoin, the company said.
Bitcoin ETF Inflows Reshape Mining Sector Amid Geopolitical Tensions
With IBIT and FBTC dominating flows, institutional demand is reshaping Bitcoin’s mining infrastructure, efficiency frameworks, and global energy strategies through...
