{"id":290779,"date":"2021-07-04T18:57:17","date_gmt":"2021-07-04T15:57:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-asset-manager-valkyrie-raises-10m-in-series-a-round\/"},"modified":"2021-07-04T18:57:17","modified_gmt":"2021-07-04T15:57:17","slug":"crypto-asset-manager-valkyrie-raises-10m-in-series-a-round","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-asset-manager-valkyrie-raises-10m-in-series-a-round\/","title":{"rendered":"# Crypto asset manager Valkyrie raises $10M in Series A round"},"content":{"rendered":"

“# Crypto asset manager Valkyrie raises $10M in Series<\/a> A round <\/strong>”
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Digital asset manager and Bitcoin (BTC) ETF proponent Valkyrie Investments recently concluded a $10 million Series A funding round, once again highlighting growing investor interest in crypto-focused firms.\u00a0<\/p>\n

In addition to Charlie Lee, who is a well-known entrepreneur in the cryptocurrency industry, the funding round also saw participation from XBTO, BTC Media<\/a>, UTXO Management, Consolidated Trading and 10X Capital. Interestingly, former Major League Baseball pitcher CJ Wilson was also among the investors, as was Tron founder Justin Sun.<\/p>\n

Valkyrie CEO and World Bank veteran Leah Wald said<\/a> her firm is focused on broadening investor access to cryptocurrencies in a \u201cmanaged, research-driven manner that ultimately provides best-in-class products to all kinds of investors.\u201d<\/p>\n

Referencing Wald and Steven McClurg, Valkyrie’s chief investment officer, Litecoin founder Charlie Lee said:\u00a0<\/p>\n

“Leah and Steven have a great vision for how they want to bring investment opportunities to market, and I couldn’t be happ<\/a>ier to support them on this journey.”<\/p><\/blockquote>\n

The asset manager currently offers three crypto-focused funds providing exposure to Bitcoin, Polkadot and Algorand. In January 2021, Valkyrie filed an application with the United States Securities and Exchange Commission, or SEC, to list a Bitcoin exchange-traded fund. However, unsurprisingly, the SEC has delayed its ruling on the proposed fund.<\/p>\n

Related: <\/em><\/strong>World\u2019s first Bitcoin ETF adds $3M per day throughout BTC price dip<\/em><\/strong><\/p>\n

As Valkyrie\u2019s latest investment round demonstrates, venture funds continue to back crypto startups with ever-growing conviction. This comes even as Bitcoin and the broader cryptocurrency market met the technical definitions of a bear market in the second quarter. While analysts remain divided about the overarching market theme of Bitcoin, the more than 50% drop from peak to trough met<\/a> the technical threshold of a bear trend. <\/p>\n