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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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All Data
Coin Change(%) Price Volume (24h)
Ethereum Meta (ETHM) 1.29 $0.000810 $119.5B
Bitcoin (BTC) 1.43 $76,443.84 $14.6B
Ethereum (ETH) 1.78 $2,096.13 $6.1B
USD Coin (USDC) -0.01 $0.999612 $1.7B
Solana (SOL) 1.48 $85.263847 $1.4B
XRP (XRP) 0.82 $1.347307 $854.3M
Litecoin (LTC) -0.10 $52.70 $698.9M
ZCash (ZEC) 8.96 $656.380706 $645.7M
Near (NEAR) -0.37 $2.410788 $594.8M
Binance Coin (BNB) 1.43 $655.54 $386.4M
All Data