Asset management company Valkyrie Investments has launched an actively managed exchange-traded fund (ETF) based on stocks of companies that directly or indirectly invest, transact, 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 has received the VBB ticker on the Nasdaq.
The firm has listed shares in 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 offer direct investment in bitcoin.
Total Expense Ratio will amount to 0.75%. The structure’s custodian is US Bank.
At the end of December 16, the volume of assets under the management of the fund amounted to $ 635,549.
As a reminder, in October, Valkyrie Investments’ Bitcoin futures ETF started trading on the Nasdaq.