Valkyrie, one of Grayscale’s rivals, previously launched a bitcoin trust and a bitcoin-related exchange-traded-fund (ETF) in 2021. As part of their plan to sponsor GBTC, the world’s largest bitcoin fund, the Tennessee-based company also announced the launch of a new fund, the Valkyrie Opportunistic Fund, LP that seeks to take advantage of GBTC’s discount to the value of its underlying bitcoin, the company said.
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- Source: https://www.coindesk.com/business/2022/12/30/crypto-asset-manager-valkyrie-investments-wants-to-sponsor-manage-grayscale-bitcoin-trust/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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