Leah Wald of Valkyrie Investments on Bitcoin ETFs and the Future of Digital Assets


Cointelegraph sat down with Leah Wald, CEO of digital asset investment firm Valkyrie Investments, to learn more about the importance of Bitcoin (BTC) exchange-traded funds (ETFs) and digital asset futures.

For context, Valkyrie Investments was launched in 2020 and is one of the only asset managers to have three adjacent Bitcoin ETFs trading on Nasdaq. Valkyrie Launched a Bitcoin Strategy ETF in October 2021 provide indirect exposure to BTC with cash-settled futures contracts after approval by the U.S. Securities and Exchange Commission (SEC) for a Similar ETFs from ProShares. Valkyrie also has a balance sheet ETF opportunity invest in public companies that have Bitcoin exposure. Besides, Bitcoin Miners Investment Company ETF began trading on Nasdaq on February 8, 2022, under the ticker WGMI.

According to Wald, Valkyrie is focused on “exploring the mystery of investing in Bitcoin” for new investors. “We want to make sure that everyone can participate in this ecosystem,” Wald told Cointelegraph.

Additionally, Wald explains the importance of Bitcoin ETFs, noting that the topic has become important since Winklevoss Twins Apply for Bitcoin Trust for the First Time. Wald says that a Bitcoin ETF is finally giving access to an asset class for many people who previously didn’t have access. Wald also states that there are various ETFs, such as the Valkyrie Futures-Based ETF and thematic ETF. While Wald points out that we “shouldn’t hold our breath” because Bitcoin Spot ETF — which she calls the “holy grail” — she said that Valkyrie’s mission is ultimately to secure a spot Bitcoin ETF, noting that the company is “fighting hard and working with regulators” to get there.

In addition to her thoughts on ETFs, Wald commented on how the traditional financial world might view Bitcoin and digital assets. “The most common question remains about volatility and how to allocate accordingly,” says Wald. She added that typical portfolio structures are considered “tiered” or narrow, which is why the traditional financial world requires a new paradigm shift.

Wald further commented that some of the basic questions she receives focus on what is Bitcoin or Ether (ETH) just like Bitcoin. “I think sometimes in our industry we believe and expect a lot of individuals to be able to get as deep into the rabbit hole as we are, but some of the conversation is still at a very basic level,” she said. .

Cointelegraph asked Wald about Valkyrie recently pass $1 billion in assets under management. While impressive, Wald believes it demonstrates how rapidly institutional interest in digital assets is growing. She notes that this represents a “sharp difference” from when the Valkyrie was first launched in 2021. As a result, Wald explains that this signals a large amount of assets coming in. electronic money sector.

Before concluding the interview with Wald, Cointelegraph asked the executive to share her price prediction for Bitcoin this year. While she mentioned that she is clearly bullish on Bitcoin, Wald predicts that BTC will hit $70,000 by the end of 2022. “We are very bullish in the second half of the year and especially Q4. It sounds like we should just hold on tight, but we should have $70,000 by the end of the year.”