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Nasdaq will list Valkyrie’s ETF linked to Bitcoin mining firms on Feb. 8 -Breaking

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© Reuters.

Valkyrie is a cryptocurrency asset manager and will be offering an exchange-traded Fund (ETF) that offers exposure to mining companies for trading on the Nasdaq stock market starting Tuesday.

A spokesperson for Valkyrie told Cointelegraph that the firm’s Bitcoin Miners ETF will begin trading on the Nasdaq on Tuesday under the ticker WGMI. According to a Jan. 26 Filing with the Securities and Exchange CommissionThe investment vehicle is not available for sale. OfferBitcoin direct exposure (BTC), but at least 80% of its net assets will be through securities of companies that “derive at least 50% of their revenue or profits” from BTC mining or providing the 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.