{"id":4930,"date":"2021-07-04T22:39:27","date_gmt":"2021-07-04T21:39:27","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=4930"},"modified":"2021-07-04T22:39:29","modified_gmt":"2021-07-04T21:39:29","slug":"valkyrie-a-cryptocurrency-asset-manager-has-raised-10-million-in-a-series-a-financing","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/valkyrie-a-cryptocurrency-asset-manager-has-raised-10-million-in-a-series-a-financing\/","title":{"rendered":"Valkyrie, a cryptocurrency asset manager, has raised $10 million in a Series A financing"},"content":{"rendered":"\n
Valkyrie's fundraising drew a broad group of crypto investors, including Litecoin creator Charlie Lee.<\/h5>\n\n\n\n
\"Valkyrie,<\/figure>\n\n\n\n

Valkyrie Investments\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, a digital asset manager and proponent of the Bitcoin (BTC) ETF, has closed a $10 million Series A financing round, showing increasing investor interest in crypto-focused companies.<\/p>\n\n\n\n

The financing round included XBTO, BTC Media, UTXO Management, Consolidated Trading, and 10X Capital, in addition to Charlie Lee, a well-known entrepreneur in the cryptocurrency sector.<\/p>\n\n\n\n

Former Major League Baseball pitcher CJ Wilson, as well as Tron founder Justin Sun, were among the investors.<\/p>\n\n\n\n

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

Litecoin creator Charlie Lee, referring to Wald and Steven McClurg, Valkyrie's chief investment officer, said:<\/p>\n\n\n\n

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

Currently, the asset management provides three crypto-focused funds that invest in Bitcoin<\/a>, Polkadot<\/a>, and Algorand<\/a>. Valkyrie submitted an application with the Securities and Exchange Commission, or SEC, in January 2021 to establish a Bitcoin exchange-traded fund. Surprisingly, the SEC has put off making a decision on the proposed fund.<\/p>\n\n\n\n

During the BTC price drop, the world's first Bitcoin ETF added $3 million each day.<\/p>\n\n\n\n

As Valkyrie's recent funding round shows, venture capitalists are becoming confident in crypto companies.<\/p>\n\n\n\n

This is despite the fact that in the second quarter, Bitcoin and the wider cryptocurrency <\/a>market fulfilled the technical criteria of a bear market. While experts are split on Bitcoin's overall market theme, the more than 50% decline from peak to trough exceeded the technical criteria of a bear trend.<\/p>\n","protected":false},"excerpt":{"rendered":"

Valkyrie’s fundraising drew a broad group of crypto investors, including Litecoin creator Charlie Lee. Valkyrie Investments , a digital asset manager and proponent of the Bitcoin (BTC) ETF, has closed a $10 million Series A financing round, showing increasing investor interest in crypto-focused companies. The financing round included XBTO, BTC Media, UTXO Management, Consolidated Trading, […]<\/p>\n","protected":false},"author":13,"featured_media":4931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,81,83,3],"tags":[1101],"class_list":["post-4930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","category-altcoin-news","category-bitcoin-news","category-breaking","tag-valkyrie"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/image-26.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/4930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=4930"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/4930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/4931"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=4930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=4930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=4930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}