• Valkyrie establishes a new trust that will contain proof-of-stake tokens

  • Valkyrie Investments has added a new crypto-focused trust to its family of funds, this time focusing on proof-of-stake tokens.

    The Valkyrie Multi-Coin Trust (VMCT) invests in blockchain networks and tokens created after Bitcoin and Ethereum, as well as Layer 1 and 2 solutions.

    “The Trust is unique in that it allocates to a broad universe of protocols while also returning staking yield to investors, and it was created in response to demand from family offices, accredited investors, and other market participants,” Valkyrie Investments CIO Steven McClurg said today in an announcement.

    Avalanche (AVAX), Binance (BNB), Cosmos (ATOM), Gemini USD (GUSD), Helium (HNT), Terra (LUNA), Polygon (MATIC), and Zilliqa are among the holdings (ZIL).Other tokens may be introduced in response to staking opportunities, on-chain activity, protocol improvements, and liquidity.

    Accredited investors must invest a minimum of $100,000 in the trust.

    VMCT is the seventh in a series of single protocol digital asset trusts that includes Algorand, Dash, Tron, Zilliqa, Polkadot, and Bitcoin holdings. Valkyrie also launched a bitcoin mining ETF earlier this year and successfully launched the second bitcoin futures ETF in October of last year. Its spot bitcoin ETF proposals, like those of other issuers, have yet to be approved by the Securities and Exchange Commission.

    What's your reaction?
    Happy0
    Lol0
    Wow0
    Wtf0
    Sad0
    Angry0
    Rip0