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.
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.
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.
BRRR is the Valkyrie Bitcoin Fund, a US spot Bitcoin ETF that launched in January 2024 on Nasdaq.
BRRR's expense ratio is 0.25%, in line with the major issuers.
Valkyrie Funds is a crypto-native asset manager headquartered in Nashville, TN, founded in 2020. The firm focuses on regulated digital asset investment products.
BRRR trades on Nasdaq exchange.
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.