$AVAX and other Ethereum competitors have been included in Valkyrie Investments' new trust
In February, the Nashville-based company topped $1 billion in assets under management, recording a 95% increase over the past 12 months.
It has already launched three Bitcoin-adjacent exchange-traded funds that are trading on the Nasdaq exchange.in the U.S. However, its proposal to launch an ETF that directly tracks the price of the largest cryptocurrency was rejected by the U.S. Securities and Exchange Commission in December. The securities watchdog is yet to approve such a product.
In November, the crypto asset manager followed Mike Novogratz's Galaxy Digital by rolling out a decentralized fund fund that offers investors an opportunity to earn yield from lending, staking and farming.
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