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Valkyrie bitcoin ETF sinks in Friday debut on Wall Street, but trailblazer ProShares fund still bouncy

·1 min read
Valkyrie bitcoin ETF sinks in Friday debut on Wall Street, but trailblazer ProShares fund still bouncy
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Shares of the Valkyrie Bitcoin Strategy exchange-traded fund were trading flat to lower on Friday as the U.S's second ETF linked to bitcoin made its debut on Wall Street. The launch of the Valkyrie Bitcoin fund comes days after the ProShares Bitcoin Strategy ETF became the first U.S. ETF linked to bitcoin on Tuesday, in a watershed moment for the crypto sector. Both Valkyrie and ProShares's funds are futures based, which Gary Gensler, chairman of the Securities and Exchange Commission has said p