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Valkyrie ‘Doesn’t See A Need’ To Make Bitcoin ETF Wallet Addresses Public

Last update 13.02.2024 14:08

While some financial advisors aren’t ready to allocate customer money to bitcoin ETFs yet, there’s been an uptick in interest for “bitcoin adjacent” ETFs

Valkyrie ‘Doesn’t See A Need’ To Make Bitcoin ETF Wallet Addresses Public

It’s been a little over a month since the bitcoin ETFs received regulatory approval to launch in the US. 

It was a rocky start at first, with outflows from Grayscale’s spot bitcoin ETF — which was converted from a bitcoin trust — outpacing inflows. To add to that, former exchange FTX also unloaded shares of the ETF. 

However, last week’s inflows came in at $1.1 billion, which is much higher than the $415 million of outflows from GBTC. 

“US-based spot Bitcoin ETF net flows are consistently positive, while sell pressure from Grayscale Bitcoin Trust outflows is abating,” Thomas Perfumo, Kraken’s head of strategy, told Blockworks. 

Valkyrie co-founder Steven McClurg sat down with Blockworks to talk about their bitcoin ETF, which launched alongside BlackRock, Fidelity and a handful of others back in January. 

McClurg also touched on why the firm opted to add BitGo as a second custodian for BRRR. 

 

Source: blockworks.co

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Ethereum Meta (ETHM) 1.29 $0.000810 $119.5B
Bitcoin (BTC) 0.69 $81,105.92 $17.5B
Ethereum (ETH) -0.22 $2,362.55 $7.2B
USD Coin (USDC) 0 $0.999838 $4.5B
TRON 1.15 $0.343873 $2.9B
ZCash (ZEC) 22.86 $525.560404 $2.8B
Litecoin (LTC) 2.26 $56.31 $1.5B
Solana (SOL) 2.37 $86.503597 $1.4B
XRP (XRP) 0.80 $1.411684 $1.1B
Dogecoin (DOGE) 3.18 $0.114817 $783.4M
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