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Crypto Asset Manager Valkyrie Raises $11M in Strategic Funding

Traditional finance heavyweights BNY Mellon and Wedbush were among the participants.

Diperbarui 11 Mei 2023, 5.34 p.m. Diterbitkan 8 Jun 2022, 1.00 p.m. Diterjemahkan oleh AI
Valkyrie CIO Steven McClurg speaks at Bitcoin Miami 2022. (Danny Nelson/CoinDesk)
Valkyrie CIO Steven McClurg speaks at Bitcoin Miami 2022. (Danny Nelson/CoinDesk)

Valkyrie Investments – which had $1.2 billion in assets under management at the end of the last quarter – has raised $11.15 million in a strategic funding round that included traditional Wall Street players BNY Mellon (BK), Wedbush Financial Services and the venture-capital arm of crypto exchange Coinbase (COIN) among the backers.

Nashville, Tenn.-based Valkyrie offers eight protocol trusts, a decentralized finance (DeFi) hedge fund, three Nasdaq-listed exchange-traded funds (ETF) and a protocol treasury management business. Last month, Valkyrie’s XBTO Bitcoin Futures Fund won approval from the U.S. Securities and Exchange Commission (SEC).

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“We really weren’t anticipating raising any capital right now,” Valkyrie co-founder and Chief Investment Officer Steven McClurg told CoinDesk in an interview, noting that the firm initially declined investment offers. “It was a little bit less about the money and more about the strategic partnerships.”

Other participants in the funding included merchant bank SenaHill Partners, venture capital fund Belvedere Strategic Capital and ClearSky, one of the largest hedge funds for carbon credits. Valkyrie also expanded its global partnerships with the participation of Singapore-based Zilliqa Capital (ZIL) and Taiwan-based C-Squared Ventures.

The fresh capital will help Valkyrie continue to build out its technology infrastructure in the hopes of bringing more institutional investors into the digital asset space. The company will also invest in staking and mining tools, said McClurg, because Valkyrie runs the master nodes and validators for many of its funds. McClurg noted existing third-party staking services don’t offer the necessary institutional-grade reporting.

Read more: Valkyrie Launches Avalanche Trust for TradFi Exposure to AVAX Token

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

Yang perlu diketahui:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

Brian Armstrong and Larry Fink (David Dee Delgado/Getty Images)

Brian Armstrong returns from World Economic Forum with message: traditional finance is taking crypto seriously

What to know:

  • Coinbase CEO Brian Armstrong said a top executive at one of the world’s 10 largest banks told him crypto is now the bank’s “number one priority” and an “existential” issue.
  • At Davos, Armstrong highlighted tokenization of assets and stablecoins as major themes, arguing they could broaden access to investments for billions while threatening to bypass traditional banks.
  • He described the Trump administration as the most crypto-forward government globally, backing efforts like the CLARITY Act, and predicted that AI agents will increasingly use stablecoins for payments outside conventional banking rails.