NEW YORK: Valkyrie Investments is out with a proposal for a much larger rival product: to become the new sponsor and manager of the crypto industry’s largest fund, the Grayscale bitcoin trust.
The Nashville, Tennessee-based asset manager, which oversees roughly US$180mil (RM792mil), last Friday announced the launch of the Valkyrie Opportunistic Fund, which seeks to take advantage of the massive discount in Grayscale Investments’ US$10.5bil (RM46.2bil) product (GBTC).
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