Valkyrie Launches an Algorand Trust
The fund will offer exposure to ALGO and a 4%-6% staking yield.
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The fund will offer exposure to ALGO and a 4%-6% staking yield.
Analysts see the possibility of further selling pressure despite short-term relief.
Tron founder Justin Sun, Litecoin founder Charlie Lee and former Major League pitcher C.J. Wilson participated in the round.
Bitcoin’s near 50% decline from all-time highs surprised analysts as China’s crackdown fueled bearish sentiment.
The SEC has 45 days to make an initial decision.
Valkyrie is charging a 2% management fee on the fund, just under Osprey’s 2.5%. Are DOT funds the new BTC…