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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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Coin Change(%) Price Volume (24h)
Bitcoin (BTC) -0.08 $63,029.50 $5.3B
Ethereum (ETH) -0.02 $1,883.18 $1.5B
USD Coin (USDC) 0.01 $0.999916 $1.1B
XRP (XRP) 0 $1.001254 $466.8M
Solana (SOL) 0.07 $75.447149 $438.8M
Chainlink (LINK) 7.16 $9.50 $316.5M
Acent (ACE) -37.34 $0.179901 $204.5M
Binance Coin (BNB) 0.78 $611.11 $194.1M
Ethereum Meta (ETHM) 0.62 $0.000641 $169.7M
ZCash (ZEC) 0.01 $489.036742 $149.7M
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