Investors Can Now Gain Bitcoin Exposure with New Valkyrie Bitcoin ETF

Valkyrie announced the launch of a second Bitcoin ETF, the Valkyrie Balance Sheet opportunities ETF (VBB).

In 2021, exchange-traded funds (ETFs) have been a huge part of the crypto story. Bitcoin and the larger crypto industry began to rally after the initial ProShares Bitcoin ETF was launched on October 20th.

Three days later, Valkyrie Bitcoin Strategy ETF launched and Bitcoin rallied to an all-time high of $68.7k. Now, less than two months after its first ETF was approved, Valkyrie has launched a second Bitcoin ETF.



The Valkyrie Balance Sheet Opportunities Bitcoin ETF

On Wednesday, December 15th, Valkyrie announced the launch of a second Bitcoin ETF, the Valkyrie Balance Sheet opportunities ETF (VBB)

The ETF will expose investors to publicly traded companies that directly, or indirectly, invest in, transact in or hold Bitcoin. MicroStrategy, Block (formerly Square), Tesla, Coinbase, and PayPal are among the most popular firms in this category.

Valkyrie’s second Bitcoin ETF product will give investors indirect exposure to Bitcoin. As part of the approval, the fund may invest up to 10% of its net assets in Bitcoin mining firm securities, and up to 5% in pooled investment vehicles in the U.S. that hold BTC.


Valkyrie Funds co-founder, Steven McClurg, explained that the fund will limit its exposure to mining companies. McClurg explained that the move will help mitigate the risk of firms dealing directly in the Bitcoin ecosystem. 

At the time of writing, VBB shares are changing hands at $24.47, having fallen more than 1.5% since their launch on December 15th.

On the Flipside

  • While there are several ETFs in the market, regulators have rejected applications for spot ETFs that would give investors direct exposure to Bitcoin.

Why You Should Care

Investors consider the increasing number of ETFs to be a step in the right direction, and believe that an ETF with direct Bitcoin exposure will soon receive the green light.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia