Another player in the BTC race - Valkyrie Investments

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Hi,

despite the past rough weeks we had on the market, we see more and more investment funds jumping in the Bitcoin bandwagon.

Valkyrie Investments, a fresh founded investment firm from Dallas, TX, filled in the documents for the SEC so that their BTC ETF can be listed on the New York Stock Exchange.

It is a fresh firm, as it was founded in 2020, where we can say that it is a startup.

Their BTC Trust, BTCV was launched at the start of the year, which might have been the best time to do so. It is accessible only to the USA accredited investors, with a minimum investment of $25000.

Now that they filled for the ETF on NYSE, takes their game to a whole another level, jumping from a start-up trust to the stock exchange. Depending on different factors, they can skyrocket, competing with the big financial players that offer crypto investments.

Of course the premium adder will play a big role and the option they offer. If they keep their fee low, we might see a very fast growth.

Why are they filling now? It might be a good time to buy BTC at a discount compared to the past weeks.

We see that more and more institutional investors that are interested into crypto are popping up. Crypto can't be ignored any more. It is already over the point where it can be ignored.

The markets will rise again, and people selling now will be only disappointed with their stupidity when they will buy at 20% more than to what they have sold it.

Why the institutional investors are not selling, on the contrary, keep in buying, growing their stake? Because they see now what a world changer it is.

I tell to my friends not to sell, even if I'm not a financial analyst, so this is no financial advice, it is only rational thinking. In a big shark pond, look what the sharks are doing, and now they are hunting.

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4 comments
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Another extra BTC ETF. I wonder how many of them will actually get approved since I think over 10 have already applied. I do think the first investment bank to be approved will most likely be one of the big banks like Goldman or Blackrock.

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Yes, cryptocurrency is now mainstream. In some ways that is good, in other ways? It is a bit of a double-edged sword. I don't trust Wall Street.

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Well, it is good, as if it needs to impact something it has to be mainstream.

I don't trust Wall Street, but why not use them against a bigger enemy?

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