Nasdaq was the obvious choice for our first ETF — Valkyrie Funds CEO

Published by

Valkyrie Bitcoin (BTC) futures-linked exchange-traded fund has now launched on the Nasdaq exchange, making it only the second ETF in the United States to be trading on the exchange.

According to the Nasdaq, Valkyrie’s Bitcoin Strategy ETF, opened at a pool price of $25.52 per share before dropping 3.3% in the first hour to $24.66.

The exchange-traded fund is primarily aimed at tracking the price of BTC futures listed on the Chicago Mercantile Exchange (CME), allowing U.S. investors to have direct exposure to cryptocurrency futures.

Valkyrie Funds CEO Leah Wald on choosing Nasdaq Exchange

Meanwhile, after becoming the first asset manager to create a bitcoin futures ETF on the Nasdaq Exchange, Valkyrie Funds CEO Leah Wald says it wasn’t in any way, a difficult choice to make.

none; } #ad-placeholder4{font-family: 'Roboto', sans-serif;color: #999;float: left;font-size: 9px;font-weight: 400;letter-spacing: .2em;line-height: 1;margin-top: 4px;position: relative;top: -2px;text-align: center;text-transform: uppercase;width: 100%;} } #adBottom{display:none;}

Leah said anyone would have chosen Nasdaq after looking at the potential listing partners. She then added in a praise-filled remark, how it makes perfect sense to choose a technology-first, and innovation-based outfit as Nasdaq who has unarguably been leading the crypto revolution charge.

advertisement

Speaking further on the Bitcoin Strategy ETF, Leah believes that this is a major step in the right direction for the asset class. She then spoke about how the ETF will enable investors to take part in the digital asset markets.

In another interview with Bloomberg, Wald spoke more on why she feels that some investors would prefer to own a bitcoin futures ETF over bitcoin itself. She noted by saying that the edge is in the fact that bitcoin is not a regulated asset, whereas CME futures are.

According to reports, the SEC is  reviewing almost 24 ETF filings for bitcoin and bitcoin futures at this present time. Also worthy of note is the fact that Wald mentioned that Valkyrie has again submitted another application for a spot bitcoin ETF.

 

 

advertisement
Share
Published by

Recent Posts

  • News
  • Regulation News

Breaking: Indian Finance Minister Confirms the New Crypto Bill to be Different from February’s Draft

The latest update in the Indian Cryptocurrency and Regulation of Official Digital Currency Bill, 2021…

November 30, 2021
  • Press Release

New Metaverse Token For AMM and NFT Trading Announces Pre Sale

Toronto, Canada, 30th November, 2021, ChainwireArvalex is an Avalanche-based protocol for NFT trading, Services exchange…

November 30, 2021
  • Altcoin News
  • News

Shiba Inu (SHIB) Price Pumps 30% in the Wake of Kraken Listing, Can it Retest ATH?

Kraken, one of the leading global crypto exchanges finally added Shiba Inu (SHIB) support on…

November 30, 2021
  • Blockchain News
  • News

Ripple’s Latest Crypto Service for Financial Companies to Allow XRP Trading

Amid the ongoing XRP lawsuit, Ripple took a bold step by launching a crypto product,…

November 30, 2021
  • Altcoin News
  • News
  • Price Analysis

Shiba Inu Price Prediction: SHIB Rally Aims For A 74% To New Record Highs With Support From Kraken

Shiba Inu price has rallied approximately 29% over the last 24 hours to highs of…

November 30, 2021
  • Bitcoin News
  • Price Analysis

Bitcoin Price Analysis: BTC Trades Above $57K As MicroStrategy Extends The Adoption Curve

Bitcoin (BTC) price leaped by approximately $4,756 on November 29 rising to brush shoulders with…

November 30, 2021