The sweet, sweet sound of money printing: that’s what one Bitcoin fund captured with the ticker name “BRRR.”

Financial services firm Valkyrie Digital Assets updated its filing for the Valkyrie Bitcoin Fund on Wednesday with the Securities and Exchange Commission, a fresh prospectus reflecting today’s dominant crypto narrative. 

As digital asset prices punch higher in the wake of BlackRock’s bid to establish America’s first spot-based Bitcoin ETF, and as a Wall Street-backed exchange executes its first trades, Valkyrie reenters the queue alongside other firms with applications for crypto-related, exchange-traded products on the SEC’s desk.

“The shares are designed to provide investors with a cost-effective and convenient way to invest in Bitcoin,” Valkyrie’s filing states. “The shares represent units of fractional undivided beneficial interest in and ownership of the trust.”

The company says the goal of the Valkyrie Bitcoin Fund is to reflect the price of CME CF Bitcoin Reference Rate – New York Variant (BRRNY), a figure calculated based on trading data aggregated across a handful

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Author: André Beganski

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