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Valkyrie aims for ETF linked to Bitcoin mining firms on Nasdaq -Breaking

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© Reuters.

Valkyrie is a cryptocurrency asset manager. She has submitted a request to the United States Securities and Exchange Commission (USSEC) to trade an ETF with mining exposure on the Nasdaq Stock Market.

In a Wednesday SEC filing, Valkyrie The Bitcoin Miners ETF does not directly invest in Bitcoin.BTC) but at least 80% of its net assets would offer exposure to the crypto asset through the securities of companies that “derive at least 50% of their revenue or profits” from BTC mining or providing hardware or software related to mining. The filing added Valkyrie would invest up to 20% of the ETF’s net assets in companies holding “a significant portion of their net assets” in Bitcoin.