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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) 1.29 $0.000810 $119.5B
Bitcoin (BTC) 1.17 $81,163.01 $19.1B
Ethereum (ETH) 0.15 $2,375.31 $8.0B
USD Coin (USDC) 0.01 $0.999794 $4.9B
TRON 0.46 $0.340850 $2.7B
ZCash (ZEC) 4.79 $431.245241 $2.2B
Litecoin (LTC) -0.21 $55.53 $1.8B
Solana (SOL) 0.31 $85.251166 $1.3B
XRP (XRP) -0.10 $1.406691 $1.1B
Avalanche (AVAX) 2.08 $9.421906 $667.6M
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