Valkyrie Launches ETF to Track Bitcoin Balance Sheet Stocks

Posted on by American Coins & Gold

Valkyrie Launches ETF to Track Bitcoin Balance Sheet Stocks
A new exchange-traded fund (ETF) from crypto manager Valkyrie invests in companies with big bitcoin bags, according to a regulatory filing published Wednesday.Balance Sheet Opportunities ETF, trading as VBB on Nasdaq, is long on MicroStrategy, Square, Tesla and other crypto industry bulls. An actively managed thematic ETF, it steers clear of bitcoin futures, sticking only to equities that invest in the coin.The ETF is the latest example of mainstream financial instruments with a crypto tilt and comes at a time when about $70 billion worth of bitcoin is sitting on corporate balance sheets.VBB probably won’t command the billion-dollar inflows that…