CoinShares Secures Option to Buy Valkyrie’s ETF Unit
The option, which expires at the end of March, gives the company a foothold in the U.S. ETF market as speculation whirls around the approval of a spot bitcoin product.
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CoinShares
The option, which expires at the end of March, gives the company a foothold in the U.S. ETF market as speculation whirls around the approval of a spot bitcoin product.
Ethereum related products witnessed the largest amount of inflows since August 2022.
Bitcoin funds attracted most of the demand, while ether funds saw their largest inflows since August 2022.
Ether-based funds continue to fall out of favor, with outflows for the year now totaling $125 million.
Solana (SOL) jumped 11% Friday, and is one of the best performing crypto assets this year with a 170% gain.
CEO Jean-Marie Mognetti described the move as “a natural progression”, given the “changing macro environment prominently marked by interest rates and inflation.”
Digital asset investment products recorded outflows last week for the first time since mid-June, CoinShares reported.