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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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