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Benzinga
Benzinga
Business
Wahid Pessarlay

EXPLAINED: Valkyrie aims for a bitcoin mining etf - The Real Truth

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.

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