NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Valkyrie Crypto Trusts Gather Nearly $74 Million In Funding Amid Bear Market

Denis
Denis
1 year ago
2 mins read
Valkyrie Crypto Trusts Gather Nearly $74 Million In Funding Amid Bear Market

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

An alternative investment company, Valkyrie, has added $73.6 million in capital into two crypto-focused trust funds. Valkyrie initially had $1.2 billion in assets under management at the end of the second quarter. This information is in amended filings with the United States Securities and Exchange Commission (SEC).

Over the years, crypto investments and Decentralized finance have proven to be a great alternative to the traditional finance system. It could be because DeFi has a way to boycott the bureaucracy in the financial system.

Decentralized Finance (DeFi) allows the use of digital ledger technologies. Digital technology enables investors to access and control their assets and financial data in global financial transactions.

Related Reading: WATCH: Ethereum Merge Sell The News Event | ETHUSD September 15, 2022

With DeFi, developers have created financial instruments that can operate digital assets without limitations. Loan collateral and debt obligations can all be tokenized with Decentralized Finance.

Since blockchain technologies are transparent and accessible, many investors now channel their finance into the Crypto industry. As a result, traditional finance keeps flowing into the crypto industry, even with the bear market.

Details Of The Valkyrie Tron Trust

According to reports, the oldest fund was launched in 2021. The Valkyrie Tron Trust offers eligible investors access to the TRX cryptocurrency. According to the SEC filings, the trust has raised $50 million from a small sum of $57 in sales in July 2021.

Tron is a blockchain-based decentralized digital platform with its cryptocurrency known as TRX. It aims to host entertainment applications and enable content creators to sell their work directly to consumers.

Tron has been increasingly gaining recognition in the crypto market recently. A spokesman of Valkyrie noted that Investors are taking note of the continuous transaction growth recorded recently by the Tron network.

Valkyrie Avalanche Trust Increased AVAX Exposure

Meanwhile, the Valkyrie Avalanche Trust is bringing exposure to the AVAX token. The trust appeared in an SEC filing in January, but no sale has been recorded. The trust has raised $24 million out of the $25 million target mentioned by Valkyrie in May.

Valkyrie’s Spokesperson commented that the Avalanche adoption rate is increasing significantly. He referred to KKR’s deal with Securitize for tokenization of a private equity fund on Avalanche blockchain announced earlier this week.

A Brief On Valkyrie

Valkyrie is a Tennessee-based investment company. The company offers trust funds based on eight protocols, three Nasdaq-listed exchange-traded funds (ETFs), Decentralized finance (DeFi), and protocol treasury business management.

The SEC approved Valkyries’ XBTO Bitcoin Futures Fund in May. The crypto investment firm announced plans to enter into venture capital with a $30 million fund two months after the approval.

Valkyrie Crypto Trusts Gather Nearly $74 Million In Funding Amid Bear Market
Bitcoin bulls are trying to push above $20,000 l BTCUSDT on Tradingview.com

The fund’s targets are new start-up companies in Israel. Valkyrie’s customer base is mainly from the U.S, and this may help assist the Israeli teams.

Related Reading: WATCH: Bitcoin Bear Market Corrective Patterns Examined | BTCUSD September 14, 2022

Valkyrie also closed a deal of an $11 million strategic funding round in July. Top traditional finance companies BNY Mellon and Wedbush are backing the fund.

Featured image from Pixabay, Charts from TradingView.com
Tweet123Share196ShareSend
Denis
Denis

Denis

Denis is a passionate writer and editor and he's been writing in finance industry for almost 6 years.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum news

Ethereum Will ‘Likely 100x From Here,’ Says Joe Lubin

Ethereum co-founder and ConsenSys CEO Joseph Lubin ignited ETH discourse on August 30 with an unusually expansive thesis about the...

Jake Simmons 2 hours ago
Bitcoin price crash

Pundit Calls Bitcoin Price Crash Below $93,000, Reveals Bear Targets From Here

After hitting a new all-time high last month, the Bitcoin price has since retraced by more than 10%, crashing below...

Scott Matherson 3 hours ago
xrp-breakout-trigger-100x-altcoin-launch-tw

XRP價格臨界爆升技術測試點 這個百倍山寨幣是否已經開始啟動?

XRP正處於技術面與基本面雙重壓力下,短期內價格走勢陷入下行通道。當前報價為2.81美元,24小時交易量達70億美元,市值排名第四,約為1668.9億美元。在連續無法有效站穩3.00美元之上後,市場懷...

markh 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

bitcoin-dominance-altcoin-season

Bitcoin dominance sous les 60 % : l’Altcoin Season est là

guillaumev 29 minutes ago
Ethereum

Whales Load Up On Ethereum, But Analysts Fear $4K Dip Ahead

Christian Encila 53 minutes ago
bitcoin

Μπορεί το Bitcoin να επιστρέψει στις $120.000; Τι δείχνουν οι κινήσεις στην αγορά

Ιωάννης Ριζόπουλος 1 hour ago

Premium Sponsors

Press Releases

  • Aceste 3 Altcoinuri Explodează în Sezonul Actual – Bitcoin Hyper, Maxi Doge și Wepe SOL ar putea fi următorii generatori de milionari

    Aceste 3 Altcoinuri Explodează în Sezonul Actual –...

    8 minutes ago
  • 3 Altcoin Đang Bùng Nổ Mùa Altcoin Này

    3 Altcoin Đang Bùng Nổ Mùa Altcoin Này – Bitcoin...

    14 minutes ago
  • Pepenode.io

    Meme coin tiềm năng tiếp theo 100x? PEPENODE có thể...

    25 minutes ago
  • Prognoza cijene XRP-a: Stručnjaci je uspoređuju s...

    30 minutes ago
  • cheap altcoins

    XRP giữ mốc $3, Token6900 ở $0.005 nổi bật trong...

    52 minutes ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.