New Hope for This Cryptocurrency to Continue Strongly Rising By Investing.com

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Investing.com – The ProShares Bitcoin Strategy ETF (NYSE:) was the first, but not the last.

Financial services and cryptocurrency firm Valkyrie Funds will become the second company to launch an ETF to invest in Bitcoin futures in the US. The fund, the Valkyrie Bitcoin Strategy ETF (NASDAQ:), aims to track the value of futures contracts on the Chicago Mercantile Exchange (CME).

Leah Wald, CEO of Falcare, commented: “Bitcoin futures ETFs are a huge leap forward for cryptocurrencies, as they enable investors to participate in the digital asset markets through a structured and transparent product that is traded on a trusted and trusted exchange and can be purchased And sell it as easily as any other investment currently available.”

During an interview Friday morning with CoinDesk, Wald commented on what distinguishes Valkyr from ProShares, that they are more experienced with Bitcoin, and that Proshares are just a financial unit that will focus on its next fund and not keep the same level of interest in Bitcoin.

As for Valkyr, Leah said, “We care about Bitcoin, and always will be.”

Bitcoin futures are becoming an increasingly popular investment vehicle for institutions and individuals who cannot or do not want to hold bitcoin for themselves. ProShares Bitcoin futures ETF, the first Bitcoin ETF in the US, hit the market on October 19, the new ETF reached 1 billion assets under management in just two days, an ETF industry record and a huge testament to people’s trust and profitability in cryptocurrencies And the huge demand for bitcoin investment vehicles in the United States.

The Valkyr Fund opened on the Nasdaq at $25.5.

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