Brentwood-based Valkyrie Funds one of 11 approved for cryptocurrency ETF

The Securities and Exchange Commission recently approved the first exchange-traded funds tied to the bitcoin market, including one offering from Brentwood-based Valkyrie Funds. The new products will allow retail and institutional investors to buy into the currency through traditional means, rather than setting up a crypto wallet and going through an exchange. It also eliminates much of the risk associated with the cryptocurrency market.
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