Valkyrie Bitcoin Fund :$BRRR

The Valkyrie Bitcoin Fund, offered by Valkyrie Funds, provides investors with exposure to the digital asset economy. There are two offerings under the Valkyrie Bitcoin Fund: the Valkyrie Bitcoin and Ether Strategy ETF (BTF) and the Valkyrie Bitcoin Trust (VBTC).

Valkyrie Bitcoin and Ether Strategy ETF (BTF)

The BTF is an actively managed ETF available through Nasdaq that invests primarily in Bitcoin and Ether futures contracts. It offers investors exposure to the emerging Bitcoin and Ether economies through a traditional actively managed exchange-traded fund. The fund is managed by a digital asset investment firm and is designed to provide secure access to the regulated futures market.

Valkyrie Bitcoin Trust (VBTC)

The VBTC is a trust vehicle that allows accredited investors to gain secure access to Bitcoin. It offers daily liquidity, is IRA eligible, and has a fee of 0.4%. The trust is designed to provide investors with a secure and convenient way to invest in Bitcoin within a trust vehicle. It is the lowest-fee Bitcoin trust on the market and is tailored for accredited investors, with a minimum investment of $25,000 USD.

Fees

The Valkyrie Bitcoin Fund (BTF) was initially planned to be offered with a fee of 0.49%, but the fee was dropped to 0.25% just before launch. The Valkyrie Bitcoin Trust (VBTC) has a fee of 0.4%. These fees are subject to change and investors should refer to the latest prospectus for the most up-to-date information.

In summary, the Valkyrie Bitcoin Fund offers investors two options for gaining exposure to the digital asset economy: the actively managed BTF, which invests in Bitcoin and Ether futures contracts, and the VBTC, which provides secure access to Bitcoin within a trust vehicle. Both offerings have competitive fees and are designed to provide investors with convenient and cost-effective ways to invest in digital assets.