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.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Annie
According to crypto briefing
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Over 84% of the staked Sui token supply is controlled by the founders, raising centralization…
The Coinbase class action lawsuit, echoing a previous case against the exchange, accuses it of…
Tether's CEO, Paolo Ardoino, highlights discrepancies in the Bitfinex data breach, revealing that only a…
Bitfinex data leak allegedly by FSOCIETY includes 2.5TB of exchange data and 400K users' details.…
According to Parsec, Friend Tech v2's launch disappointed many, with 95% users unable to claim…
The legal debate over Ethereum classification intensifies as Consensys sues SEC for regulatory overreach.
This website uses cookies.