CoinShares Valkyrie Bitcoin Fund (BRRR)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
BRRR Chart
Bitcoin Volatility Cools Even as Fed Risk Lingers
Bitcoin is trading around $64,085, up about 3.3% for the month. Even as a hawkish Federal Reserve and renewed Middle East tensions keep markets on edge, the waters are steadily calming for the premier cryptocurrency.
CoinShares CEO: Bitcoin Built for This Moment
Bitcoin may be near $75,750, but CoinShares co-founder, president and CEO Jean-Marie Mognetti says markets are misreading the moment. That could have lasting implications for how investors build portfolios.
Encouraging Signs That HODLers Are Holding
After teasing cryptocurrency market participants with a move above $80,000, bitcoin is now flirting with its lowest levels in close to a month. However, evidence indicates that bitcoin's bumpy ride isn't scaring away some investors.
CoinShares Valkyrie Bitcoin Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 229 | $6,057.05 | $4,204.44 | -$1,852.61 | -30.59% |
 Jae Cho Marex Group plc | 16.94M | $547.5M | $311.02M | -$236.48M | -43.19% |
CoinShares Valkyrie Bitcoin Fund (BRRR) FAQ
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CoinShares Valkyrie Bitcoin Fund Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The Trust is an investment vehicle that exclusively focuses on bitcoin. It aims to provide its shareholders with direct exposure to bitcoin by holding this cryptocurrency as its primary asset. The company's investment strategy is to closely mirror the value of bitcoin as determined by a specific index. This index is designed to reflect an aggregated value of bitcoin based on executed trades across several major bitcoin spot exchanges. By valuing its shares daily according to this index, the Trust seeks to offer an accurate and real-time representation of bitcoin's market value.
Products and Services
- Bitcoin Holding
The Trust's primary service is the holding of bitcoin as an investment asset. By purchasing shares in the Trust, investors gain exposure to the price movements of bitcoin without the need to directly buy, store, and secure the cryptocurrency themselves. This approach simplifies the investment process in digital currencies and mitigates some of the security risks associated with direct handling of bitcoin.
- Daily Share Valuation Based on Bitcoin Index
To provide a transparent and fair valuation of its shares, the Trust employs a daily valuation method based on the price of bitcoin as reflected by a specially constructed index. This index aggregates executed trade flow data from major bitcoin spot exchanges, ensuring that the valuation of Trust shares is grounded in comprehensive market activity. This method allows shareholders to understand and anticipate changes in their investment value in real-time, tracing the market movements of bitcoin closely.
