Valkyrie to Launch $100M ‘On-Chain DeFi Fund’

Valkyrie to Launch 0M ‘On-Chain DeFi Fund’
Crypto asset manager Valkyrie Investments has launched a decentralized finance (DeFi) fund with $100 million behind it, designed to give investors safe and easy exposure to the fast-growing industry.Valkyrie Investments last month received the blessing of the U.S. Securities and Exchange Commission (SEC) to launch a bitcoin futures exchange-traded fund (ETF). By adding a DeFi fund, Valkyrie joins the likes of Galaxy Digital, which recently launched a DeFi tracker fund.However, Valkyrie’s “On-Chain DeFi Fund” holds its assets on-chain and therefore goes some way beyond Galaxy’s passively managed DeFi fund, according to Valkyrie’s managing director of DeFi, Wes Cowan.“This allows us…