NASHVILLE, Tenn., June 30, 2021 /PRNewswire/ — Valkyrie Investments, Inc. (the “Agency”), an rising asset supervisor within the digital and crypto asset area, is worked up to announce it has raised roughly $10 million as a part of a profitable Collection A spherical, which garnered vital curiosity from all kinds of buyers throughout a number of industries and verticals together with skilled sports activities, media, finance, and extra.
This funding spherical additionally noticed participation from Principle Capital Administration, Tron Founder Justin Solar, former Main League pitcher CJ Wilson, XBTO, BTC Media, UTXO Administration, Litecoin founder Charlie Lee, Consolidated Buying and selling, 10X Capital, angel investor Brad Mills, and the distinguished crypto dealer Scott Melker, amongst others.
“We imagine crypto and digital belongings are altering how folks view, use, and make investments their cash,” stated Valkyrie Investments CEO Leah Wald. “Our objective, as a agency, is to assist carry extra entry to the alternatives they supply to a wider viewers of individuals, and to take action in a managed, research-driven method that in the end offers best-in-class merchandise to all types of buyers.”
Wald, a World Financial institution veteran, co-founded the corporate together with Guggenheim Companions and Galaxy Digital veteran Steven McClurg, who serves as Valkyrie’s Chief Funding Officer. They’ve assembled a prime tier group of pros with many years of expertise in conventional markets at companies together with UBS, Chicago Board of Commerce (CBOT), the Chicago Mercantile Alternate (CME Group), and elsewhere, with the objective of bringing Wall Road rigor and compliance requirements to a nascent asset class.
The Agency goals to supply a variety of funding services starting from trusts and individually managed accounts, to a number of trade traded funds (ETFs) which might be pending approval from the SEC
“Leah and Steven have an amazing imaginative and prescient for a way they need to carry funding alternatives to market, and I could not be happier to assist them on this journey,” stated Litecoin founder, Charlie Lee.
A recent study by Gemini, carried out in November 2020, revealed that about 20 million adults are more likely to soar into the crypto asset markets over the following yr, which might double right now’s present retail investor base; moreover, the survey revealed almost two-thirds of adults within the U.S. are ‘crypto curious,’ a time period used to explain those that don’t but personal crypto however need to study extra and shortly purchase some.
“That is an thrilling time to be within the crypto markets,” stated McClurg, including that “demand for our merchandise has been robust, and goes to point out that even with markets having an uneven yr, many household workplaces, buyers, and others nonetheless appear to imagine within the long-term potential of digital belongings, and are see this as a possibility to place themselves for achievement in the course of the subsequent bull cycle.”
Valkyrie at present affords managed merchandise throughout quite a few digital belongings together with Bitcoin, Polkadot, and different digital belongings about to be introduced.
The funds raised are meant for use to additional construct the Agency’s presence in Nashville together with hiring further analysis, buying and selling, compliance, advertising, and gross sales workers; develop the agency’s product pipeline, broaden distribution channels, and extra. The Agency additionally plans to develop its presence in Asia, when situations allow.
About Valkyrie Investments
Valkyrie Investments, Inc. is a specialised different asset monetary companies agency on the intersection of conventional finance and the rising cryptocurrency sector whose associates purpose to supply asset administration, analysis, and different companies. Headquartered in Nashville, the Agency and its associates purpose to create and handle bespoke portfolios and merchandise, together with managing publicity to digital belongings and different frontier investments. Valkyrie is led by seasoned asset managers who’ve beforehand launched a number of ETFs, publicly traded funds and ETPs, together with bitcoin and altcoin trusts with backgrounds throughout Guggenheim Companions, UBS, Chicago Board of Commerce, Chicago Mercantile Alternate, and The World Financial institution.
Previous efficiency is just not indicative of future outcomes. There isn’t a assure that any particular consequence will likely be reached. Funding could also be speculative, illiquid, and there’s a danger of whole loss. This isn’t a suggestion to purchase or promote securities.
SOURCE Valkyrie Investments