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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) 0.83 $0.000900 $21959.6B
Bitcoin (BTC) 1.16 $91,759.33 $24.4B
Ethereum (ETH) -1.40 $3,210.23 $13.9B
Solana (SOL) 2.42 $136.155470 $4.0B
USD Coin (USDC) 0.01 $0.999800 $3.5B
XRP (XRP) 0.66 $2.026996 $2.5B
Dogecoin (DOGE) -0.07 $0.139641 $1.2B
ZCash (ZEC) 16.19 $458.304936 $1.1B
TRON 0.56 $0.280304 $898.0M
Binance Coin (BNB) 0.94 $885.00 $895.5M
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