Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Valkyrie diversifies its spot Bitcoin ETF management with BitGo.
BLOCKCHAIN NEWS

Valkyrie diversifies its spot Bitcoin ETF management with BitGo.

By Crypto FlexsFebruary 2, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Valkyrie diversifies its spot Bitcoin ETF management with BitGo.
Share
Facebook Twitter LinkedIn Pinterest Email

Valkyrie is the first spot Bitcoin ETF issuer to utilize two separate cryptocurrency custodians for its funds, thanks to its deal with BitGo.

BitGo provides custody services for Valkyrie’s Bitcoin Fund (BRRR), safely custody and storing a portion of native Bitcoin (BTC) in the company’s exchange-traded product. Valkyrie and BitGo reached an agreement on January 17, but did not file it with the U.S. Securities and Exchange Commission (SEC) until February 1.

This strategy diversifies Valkyrie’s spot BTC ETF by spreading risk across multiple cryptocurrency custodians, reducing single points of failure and enhancing the safety of the fund. Other issuers may eventually chart a similar course amid competition among asset managers.

Issuers raced to win over market participants and investors before and after the SEC approved a spot Bitcoin ETF on Jan. 10. Fees have been a major talking point for this fund. Some issuers have even waived fees for up to six months.

Initially, Valkyrie boasted one of the highest fees at 0.8%, but the issuer worked with BlackRock and Fidelity to reduce its fees to 0.25%. However, the Valkyrie Bitcoin ETF recorded much lower trading volume than its Wall Street heavyweights.

BlackRock became the first fund to outtrade Grayscale’s GBTC, following billions of dollars outflow from the giant fund over two weeks.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

DOW JONES wins Streak with weak growth and cost increases.

June 4, 2025

Trump’s son confirms that the team launches a password wallet and refuses to link to the circulating website.

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Arca EXEC writes a scratch on Circle after IPO

June 6, 2025

The robot of 1x Technologies aims to revolutionize ordinary work with AI.

June 5, 2025

Trump is a magical Eden encryption wallet tie, Trump coin deep 13%

June 5, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025
Most Popular

Bonk (BONK) trading begins

December 23, 2023

Bitcoin price has surpassed $68,000, but some headwinds remain.

May 20, 2024

Who is Satoshi Nakamoto? Let’s find him!

May 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.