According to a filing with the US Security and Exchange Commission (SEC) on January 26, 2022, Valkyrie proposes to launch a fund that promotes companies that earn its revenue from the bitcoin mining industry. The company wants to list the ETF on Nasdaq, the same market where the BTF bitcoin futures ETF trades today.
Valkyrie will invest at least 80 percent of its net assets (plus loans for investment purposes) in the securities of companies that earn at least 50 percent of their revenue from ‘operating bitcoin mining and/or to providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining’
Valkyrie’s record has been highly profitable over the past 12 months. Valkyrie’s recent Proposal, Form N1A, also explains the risks of investing in bitcoin. The app notes that the fund will “take indirect risk when investing in bitcoin” and that bitcoin is a “new and highly speculative investment.”
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 on January 26, 2022, Valkyrie proposes to launch a fund that promotes companies that earn its revenue from the bitcoin mining industry.){kind=link}