
Valkyrie — a crypto asset management platform — requested the U.S Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) including firms that originate some of their revenue from Bitcoin (CRYPTO: BTC) mining.
What happened: CoinTelegraph reported Valkyrie’s proposal will allow indirect Bitcoin Miners ETF investment in the crypto asset with an 80% exposure to Bitcoin via firms that “derive at least 50% of their revenue or profits” by facilitating BTC mining or just mining the digital asset.