Yesterday, CoinShares International announced the utilization of an option to acquire Valkyrie Funds, a move aimed at broadening the U.S. offerings of the European digital asset firm. This decision comes in the wake of Valkyrie’s spot bitcoin exchange-traded fund securing approval from U.S. regulators. The U.S. Securities and Exchange Commission granted approval on Wednesday for eleven U.S.-listed ETFs, including Valkyrie’s, which track the spot price of bitcoin, the world’s largest cryptocurrency. These ETFs experienced significant activity, with a total of $4.6 billion worth of shares traded by Thursday as investors eagerly embraced these groundbreaking products.
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