Valkyrie Plans to List Bitcoin Mining ETF on Nasdaq

Time：2022-02-06 Source： 784 views Mining Copy share

Digital asset manager Valkyrie has filed with the SEC to list a new bitcoin-focused exchange-traded fund on Nasdaq.

In the filing, Valkyrie emphasized that its Valkyrie Bitcoin Mining ETF will invest 80% of its net assets in companies in the cryptocurrency mining ecosystem.

The ETF, which is awaiting approval, will mark the crypto asset manager's third bitcoin-focused ETF.

Valkyrie added that the fund will not have direct exposure to bitcoin as it does not invest in spot bitcoin or even bitcoin derivatives. The fund will also charge a management fee of 0.75% and will invest in bitcoin mining companies around the world.

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