With the addition of approximately Valkyrie’s $530 million of AUM, CoinShares’ AUM has increased to approximately $7.3 billion globally as of 11th March 2024.
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“I think the crypto market is very healthy. I think bitcoin is also very healthy,” states Valkyrie CIO Steven McClurg.
The fund will invest at least 80% of its net assets in securities of companies that derive at least 50% of their revenue or profits from bitcoin mining operations and/or from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining.
This funding round also saw participation from Precept Capital Management, Tron Founder Justin Sun, former Major League pitcher CJ Wilson, XBTO, BTC Media, UTXO Management, Litecoin founder Charlie Lee, Consolidated Trading, 10X Capital, angel investor Brad Mills, and the prominent crypto trader Scott Melker, among others.