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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)
Ethereum Meta (ETHM) -2.50 $0.000903 $8371.3B
Bitcoin (BTC) -0.13 $90,098.08 $8.0B
Ethereum (ETH) 0.71 $3,104.15 $4.7B
USD Coin (USDC) 0 $0.999801 $1.6B
Solana (SOL) 0.55 $132.339035 $1.4B
XRP (XRP) 0.80 $2.016995 $1.3B
TRON -1.19 $0.271797 $832.1M
ZCash (ZEC) -5.27 $431.513101 $791.4M
Litecoin (LTC) -0.28 $81.38 $581.9M
Dogecoin (DOGE) 1.92 $0.138729 $569.6M
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