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Valkyrie Co-Founder: Anticipates Inflows of Up to $5 Billion in the Initial Weeks of Trading for Spot Bitcoin ETF

Valkyrie Co-Founder: Anticipates Inflows of Up to $5 Billion in the Initial Weeks of Trading for Spot Bitcoin ETF

2024/01/09 20:31

Steven McClurg, Co-Founder and Chief Information Officer of Valkyrie Investments, stated in an interview that if the spot Bitcoin ETF begins trading on Thursday, an estimated $200 million to $400 million of investor funds is expected to flow into Valkyrie's ETF product. All participants might witness an inflow of funds ranging from $4 billion to $5 billion in the first few weeks.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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