Valkyrie launches ETF based on shares of bitcoin-investing companies

The asset manager Valkyrie Investments launched an actively managed exchange-traded fund (ETF) based on shares of companies that directly or indirectly invest in, transact in, or hold Bitcoin as a reserve asset.

Valkyrie Balance Sheet Opportunities ETF (VBB) is an actively managed fund that invests in innovative public companies with exposure to #bitcoin. Trading on @Nasdaq ($VBB) today!
(Disclosures: https://t.co/ex6ANTJPl8) pic.twitter.com/SSuHiR77v9

— Valkyrie (@ValkyrieFunds) December 16, 2021

The Valkyrie Balance Sheet Opportunities ETF trades on Nasdaq under the ticker VBB.

The firm includes in the fund the shares of Coinbase, Block (formerly Square), MicroStrategy, Argo Blockchain, Phunware, Metromile, Silvergate Capital, Marathon Digital Holdings, Riot Blockchain, BTCS, Globant, Robinhood Markets, BlackRock, Mastercard Incorporated, Overstock.com, PayPal Holdings, and Tesla.

VBB does not invest directly in Bitcoin.

Total Expense Ratio will be 0.75%. Custodian of the structure is U.S. Bank.

As of December 16, assets under management stood at $635,549.

In October on Nasdaq started trading of Valkyrie Investments’ futures Bitcoin ETF.

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