Crypto asset manager Valkyrie Funds has announced that it will liquidate an exchange-traded fund (ETF) focused on companies holding Bitcoin (BTC) on its balance sheet that has performed poorly since its launch.
In a press release the company made on October 11, December 2021 on the market since Balance Sheet Opportunities ETF (VBB) It was stated that it will be liquidated as of October and will be removed from the Nasdaq, where it is traded. Investors with liquidated funds October 28 if they do not sell their shares by the due date buyback They will receive reimbursement in exchange for the fund value.
VBB as a fund strategy on the balance sheet first bitcoin in cryptocurrency markets promising cryptocurrency He was investing in the shares of companies with reserves of different types. In terms of weight within the scope of the strategy Tesla and microstrategy VBB, which placed its shares in the first two BlackRock, Coinbase, Visa and MasterCard He also had investments in companies such as However, due to the fact that companies have changed the weight of crypto assets in their balance sheets and the expected bull period has not come, the fund is very weak a performance showed.
put on the market December 2021 on $24.86 background that has passed 11th per month to 54% depreciating close to 11.30 traded in dollars.