Today Valkyrie Investments announced an $11 million strategic funding round that included BNY Mellon, Wedbush Financial Services and Coinbase Ventures, amongst others.
Valkyrie has a number of Bitcoin-related ETFs, including Bitcoin futures, Bitcoin mining and companies with Bitcoin balance sheet exposure. It’s one of the contenders to launch a Bitcoin spot ETF, but so far the SEC has rejected all applicants.
It also runs a DeFi hedge fund and manages several investment trusts for cryptocurrency protocols such as Bitcoin, Zilliqa and Avalanche. Zilliqa Capital participated in the round. Other named investors include C-Squared Ventures, Clearsky, Belvedere Strategic Capital, and SenaHill Partners.
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