BTC

$98090.103

0.57%

ETH

$3305.77

-1.56%

BNB

$621.937

-0.98%

XRP

$1.425

26.01%

Market

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

November 16, 2021 - Around 2 mins mins to read

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

Valkyrie Defi

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.

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

# Investments

Fund

launching

million

Valkyrie

Avatar of Annie

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

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.

Valkyrie Defi

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.

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

Leave a Reply