Valkyrie Investments is launching a $ 100 million DeFi fund next week

Valkyrie Investments plans to offer a new hedge fund that is linked to the operation of various DeFi facilities.

The fund will be active next week

The investment vehicle will be available next week, especially on November 22nd, under the name Valkyrie On-Chain DeFi Fund.

It includes investments in at least 24 cryptocurrencies in 13 different blockchains. Although the full list has not yet been released, it will include assets from Ethereum, Solana, Avalanche, Binance Smart Chain, Matic, and Fantom.

The hedge fund will receive $ 100 million in financial support from Valkyrie investors and general partners.

Wes Cowan, CEO of Valkyrie DeFi, announced that Valkyrie will keep assets in the chain, allowing the company to capitalize on income breeding, reward staking, and similar investments. Profits from such activities are expected to be passed on to investors.

For years, Valkyrie was one of several companies aiming for a Bitcoin Exchange Traded Fund (ETF). Although a spot Bitcoin ETF has yet to be approved, Valkyrie was one of the first asset managers to launch a Bitcoin futures ETF this fall.

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Annie

According to crypto briefing

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