“Anticipated Success: Valkyrie’s Co-Founder Predicts $10B in Spot Bitcoin ETF Investments by Year’s End”
The SEC might finally approve spot bitcoin ETFs on Wednesday after denying applications for more than a decade. Counting market movements, it could be $20 billion total AUM in spot bitcoin ETFs.” Valkyrie is one of 11 applicants for a U.S. spot bitcoin ETF; the other firms are BlackRock, Grayscale and Fidelity, among others. But it was back in the end of September, beginning of October, when we’re launching our ETH futures ETF. When we got an inclination that [the] spot bitcoin ETF was coming soon, we said OK, well, bitcoin futures ETFs are basically going to go away when a spot bitcoin ETF launches. So we converted our bitcoin futures ETF into a strategy to invest in both ETH and bitcoin.