According to Farside Investors data, Valkyrie BRRR had a net inflow of $3.4 million yesterday, while Invesco BTCO and DEFI had no fund inflows/outflows.

Bloomberg ETF analyst James Seyffart stated that Valkyrie has confirmed BitGo as its Bitcoin spot ETF custodian, and its held Bitcoin will now be co-custodied by BitGo and Coinbase. Valkyrie has become the first Bitcoin spot ETF to mitigate custody risk through decentralization.

Valkyrie submitted an update file for its Bitcoin spot ETFs-1, with the fee standard remaining at 0.8%. It is reported that the SEC requires ETF issuers to submit an S-1 amendment before 8am local time today.

CoinShares, a leading European crypto ETF issuer, has obtained an exclusive option to acquire Valkyrie Funds until March 31, 2024. This move is aimed at strengthening CoinShares' presence in the US and establishing a global one-stop-shop in digital asset investments. The potential acquisition of Valkyrie Funds by CoinShares is seen as a big move by Bloomberg analyst James Seyffart, as it would bring ETF expertise to the US. Valkyrie Investments plans to incorporate CoinShares' name if the US SEC approves the Valkyrie Bitcoin Fund, which has filed for a spot Bitcoin ETF.

Bloomberg analyst James Seyffart stated on X platform that Valkyrie updated its filing for a spot Bitcoin ETF with the SEC.