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Valkyrie Funds announced the liquidation of the Valkyrie Balance Sheet Opportunities FUND (Nasdaq: VBB) effective October 31, 2022. The decision follows a review of client demand and was approved by the Firm's Board of Directors. Shareholders can sell their shares until the end of trading on October 28, 2022, and will receive a cash distribution equal to the net asset value (NAV) at liquidation. The fund will subsequently be delisted from Nasdaq. Valkyrie Funds emphasizes that expenses related to liquidation will be covered, excluding brokerage fees.
Valkyrie Funds has launched the Valkyrie Balance Sheet Opportunities ETF (Nasdaq: VBB), targeting innovative public companies with exposure to bitcoin. This ETF responds to increased interest from investors, with over half of U.S. Bitcoin holders entering the market this year. The fund aims for capital appreciation by investing primarily in companies involved in the bitcoin ecosystem. However, it does not directly invest in bitcoin. The fund is actively managed and is the second ETF in Valkyrie's planned offerings, reflecting the growing desire for digital asset exposure among investors.
