CoinShares Valkyrie Bitcoin Fund

The CoinShares Valkyrie Bitcoin Fund (NASDAQ: BRRR) is a U.S.-based exchange-traded fund (ETF) designed to provide investors with direct exposure to bitcoin. Launched on January 10, 2024, the fund holds bitcoin directly, offering a convenient and secure avenue for investors to access the digital asset through traditional brokerage accounts. The fund's bitcoin holdings are stored with regulated custodians, including Coinbase Custody Trust Company, LLC, and BitGo Trust Company, Inc., ensuring robust security measures. (coinshares.com)

In March 2024, CoinShares International Limited, a leading European investment firm specializing in digital assets, completed the acquisition of Valkyrie Funds LLC, the sponsor of the Valkyrie Bitcoin Fund. This strategic move marked CoinShares' expansion into the U.S. market, adding approximately $530 million in assets under management from Valkyrie's suite of products, including BRRR. The acquisition aimed to leverage CoinShares' expertise in digital asset management to enhance and grow the fund's offerings. (investor.coinshares.com)