Valkyrie

1 spot crypto ETF · BTC · founded 2020

On Fri 16 Oct Valkyrie’s funds reported no net flow.

Boutique crypto-native ETF issuer.

data for Fri 16 Oct (T+1)

Funds1BRRR

Net flow · Fri 16 Oct0T+1

Cumulative net flow+$326.9Msince launch

Holdings$327Mat market value, BTC·ETH·SOL·XRP·HYPE funds, Fri 16 Oct

Avg entry vs close+26.5%clients' P&L +$114.6M

Valkyrie ETFs by flow

Sorted by flow on Fri 16 Oct · a ticker opens the fund, an asset its flows page

Watchlist	Fund	Asset	Flow · Fri 16 Oct	5D	Cumulative	Fee	Price	Avg entry	Avg entry vs close	Clients' P&L
	BRRRCoinShares Bitcoin ETF	Bitcoin	0	+$3.4M	+$326.9M	0.25%	$22.97−1.01%	$64,204	+26.5%	+$114.6M

Avg entry — the average price per coin the fund's clients paid, our estimate from daily creations and redemptions, not an issuer report · as of 18 Oct 2026

Valkyrie at the SEC

Valkyrie has one crypto ETF trading, none waiting, 3 withdrawn.

All Valkyrie filings ›

Holdings over time

$327M · +$26M over the period

Holdings at market value = shares × price, our calculation for BTC, ETH, SOL, XRP and HYPE funds; not the issuer’s reported AUM. Tones, not coin colours.

Other issuers

flow Fri 16 Oct · cumulative

BlackRock · 3 funds−$141.5M+$78.95B
Fidelity · 3 funds−$10.6M+$13.05B
Bitwise · 9 funds−$8.5M+$4.57B
VanEck · 5 funds0+$1.29B
21Shares · 8 funds0+$1.16B
Franklin Templeton · 4 funds0+$911.0M
Morgan Stanley · 3 funds0+$884.1M
Canary Capital · 6 funds−$3.0M+$617.0M
Invesco · 3 funds0+$160.0M
WisdomTree · 1 fund0+$77.9M
Grayscale · 12 funds−$3.2M−$27.68B

Flow by day · US$ m

Date	BRRR
Fri 16 Oct	0
Thu 15 Oct	0
Wed 14 Oct	+4.0
Tue 13 Oct	−4.1
Mon 12 Oct	+3.5
Fri 9 Oct	−2.5
Thu 8 Oct	+3.3
Wed 7 Oct	−6.6
Tue 6 Oct	0
Mon 5 Oct	0
Fri 2 Oct	0
Thu 1 Oct	0
Wed 30 Sep	0
Tue 29 Sep	0

14 trading days · newest first · “—”: no row reported for that fund

Company profile

Legal name: CoinShares International Ltd.
Headquarters: Saint Helier, Jersey
Founded: 2013
Crypto ETFs: BRRR
Custodian: Coinbase Custody Trust Company, LLC

Valkyrie operates BRRR, a smaller but actively traded spot Bitcoin ETF.

valkyrie-funds.com ↗SEC filings ↗

Valkyrie Funds is a Nashville-based crypto-native ETF issuer founded in 2020. The firm operates BRRR, a US spot Bitcoin ETF, alongside other digital asset products. Valkyrie is the smallest of the major US spot Bitcoin ETF issuers but maintains an active product roadmap.

Founded: 2020
Headquarters: Nashville, TN
Crypto ETFs: BRRR — CoinShares Bitcoin ETF

Valkyrie Funds crypto ETFs

BRRR — Valkyrie Bitcoin Fund

BRRR launched in January 2024 on Nasdaq with a 0.25% expense ratio. The fund uses Coinbase Custody for spot Bitcoin custody. As a smaller issuer, Valkyrie competes on crypto-native expertise and product innovation rather than scale.

Market position

Valkyrie operates at the smallest scale among the major US spot Bitcoin ETF issuers. BRRR appeals to investors who want to support crypto-native asset managers or who already hold positions in the firm. For pure liquidity and AUM, larger competitors like IBIT and FBTC are more efficient.

Frequently asked questions

What is BRRR?

BRRR is the Valkyrie Bitcoin Fund, a US spot Bitcoin ETF that launched in January 2024 on Nasdaq.

What is the expense ratio for BRRR?

BRRR's expense ratio is 0.25%, in line with the major issuers.

Who is Valkyrie?

Valkyrie Funds is a crypto-native asset manager headquartered in Nashville, TN, founded in 2020. The firm focuses on regulated digital asset investment products.

Where does BRRR trade?

BRRR trades on Nasdaq exchange.

How does BRRR compare with IBIT?

BRRR has the same expense ratio as IBIT (0.25%) but materially smaller AUM and lower daily volume. Most institutional investors prefer IBIT for liquidity reasons; BRRR is more often held by crypto-native investors and existing Valkyrie clients.