Valkyrie Funds
CoinShares is a Jersey-domiciled digital asset manager operating SEC-regulated crypto ETFs (Bitcoin, altcoins, Ether, and Bitcoin mining equities) distributed through major US brokerages to institutional and retail investors.
- Company typePrivate
- Founded-
- HeadquartersNashville, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Valkyrie Funds does
CoinShares is a Jersey-domiciled digital asset management firm that issues and manages a suite of SEC-regulated cryptocurrency exchange-traded funds (ETFs) for US institutional and retail investors. The group operates through CoinShares PLC (registered in Jersey, Channel Islands), CoinShares Asset Management (US) LLC (investment adviser for BTF, DIME, and WGMI), and CoinShares Co. (sponsor of BRRR). Its core product line comprises CoinShares Bitcoin Fund (BTF), CoinShares Altcoins ETF (DIME), CoinShares Bitcoin Mining ETF (WGMI), and CoinShares Bitcoin ETF (BRRR), supplemented by 2x daily-target leveraged funds providing geared exposure to underlying digital-asset benchmarks. Products are structured under the Investment Company Act of 1940, Securities Act of 1933, and Investment Advisers Act of 1940, with BTF, DIME, and WGMI registered under the 1940 Act and BRRR registered under the 1933 Act.\n\nThe underlying technology is digital-asset ETF infrastructure combining spot-based and futures-based exposure mechanisms for Bitcoin, Ether, and altcoins, delivered through regulated fund wrappers. Distribution is executed through major US brokerage platforms and financial institutions, with ALPS Distributors Inc. distributing BTF/DIME/WGMI and Paralel Distributors LLC acting as Marketing Agent for BRRR (and distributing the other funds as well). The go-to-market motion is enterprise field sales targeting both institutional investors and retail investors via financial advisors and brokerage/retirement accounts.\n\nThe business model is subscription-recurring: CoinShares generates revenue from management fees (expense ratios) charged on ETF assets under management. ETFs trade at market price (not NAV), with brokerage commissions and expense ratios disclosed in fund prospectuses; specific fee schedules are not publicly surfaced on the website. Marketing is conducted through email newsletters (country- and investor-type-segmented), content/research publications including "The Node," and regulatory disclosures (prospectuses, risk disclosures) — a top-of-funnel educational strategy paired with bottom-of-funnel prospectus distribution. Geographic reach is concentrated in the United States, though the newsletter infrastructure signals intent toward broader European engagement.
Valkyrie Funds firmographics
Firmographics- Name
- Valkyrie Funds
- Legal name
- CoinShares PLC
- Website
- https://valkyrie-funds.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CoinShares is a Jersey-domiciled digital asset manager operating SEC-regulated crypto ETFs (Bitcoin, altcoins, Ether, and Bitcoin mining equities) distributed through major US brokerages to institutional and retail investors.
- Ownership category
- akta.pro rank
Valkyrie Funds industry classification
Industry- Product category
- Digital Asset ETFs
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Investment Advice (6282)
- akta.pro primary industry
- Index-Tracking Funds, ETPs & Structured Index Products (Crypto) (FSADAHAC)
- akta.pro secondary industry
- Sector & Industry Equity ETFs (FSAAAFAC)
Keywords
Where Valkyrie Funds is headquartered
LocationHeadquarters
- HQ city
- Nashville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Valkyrie Funds business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- ETF Management Fees: CoinShares generates revenue through management fees charged on its ETF products. The ETFs track digital asset performance and charge expense ratios to investors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | ETF-based digital asset exposure products |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Valkyrie Funds product offering
Product offeringCore offering
Valkyrie Funds offers a suite of SEC-regulated crypto ETFs providing exposure to digital assets including Bitcoin, Ethereum, altcoins, and Bitcoin mining equities. The product lineup includes both spot-based and futures-based ETFs, with some offering 2x daily leveraged target exposure, distributed through major brokerage platforms and authorized ETF distributors to institutional and retail investors in the United States.
Product overview
CoinShares offers a suite of exchange-traded funds (ETFs) providing regulated, liquid, and cost-efficient exposure to digital assets including Bitcoin, Ethereum, and alternative cryptocurrencies. The product lineup includes actively and passively managed crypto ETFs tracking spot prices, futures, and related mining equities. Products are distributed through major brokerage platforms and financial institutions, with each fund subject to SEC regulation and registered under the Investment Company Act of 1940 or Securities Act of 1933 depending on structure.
Differentiator
Problem solved
Functional benefit
Brands
- BTF: CoinShares Bitcoin Fund ETF - seeks daily investment results corresponding to Bitcoin performance
- DIME
- WGMI
- BRRR
Products and services
- CoinShares Bitcoin Fund (BTF) ETF seeking daily investment results corresponding to Bitcoin performance, offering investors regulated exposure to the leading cryptocurrency without directly owning it. Managed by CoinShares Asset Management (US) and registered under the Investment Company Act of 1940.
- CoinShares Bitcoin and Ether ETF (BTF) Exchange-traded fund offering exposure to both Bitcoin and Ethereum digital assets. Managed by CoinShares Asset Management (US) and registered under the Investment Company Act of 1940.
- CoinShares Altcoins ETF (DIME) ETF providing diversified exposure to a broad portfolio of alternative cryptocurrencies beyond Bitcoin and Ethereum. Distributed by ALPS Distributors Inc. and registered under the Investment Company Act of 1940.
- CoinShares Bitcoin Mining ETF (WGMI) ETF focused on companies engaged in Bitcoin mining operations and related infrastructure. Distributed by ALPS Distributors Inc. and registered under the Investment Company Act of 1940.
- CoinShares Bitcoin ETF (BRRR) Bitcoin-focused ETF sponsored by CoinShares Co., traded at market price (not NAV) with shares not individually redeemed from the fund. Subject to the rules and regulations of the Securities Act of 1933, with a registration statement filed with the SEC.
Companies that use Valkyrie Funds
Customer profileSegments2 records
Ideal customer profiles2 records
Valkyrie Funds technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Valkyrie Funds partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- ALPS Distributors Inc.coreDistributor for CoinShares Bitcoin Fund (BTF), CoinShares Altcoins ETF (DIME), and CoinShares Bitcoin Mining ETF (WGMI). Handles fund distribution and regulatory compliance for ETF offerings.
- Paralel Distributors LLCcoreMarketing Agent for CoinShares Bitcoin ETF (BRRR) and also distributes other CoinShares funds including BTF, DIME, WGMI. Supports fund distribution and marketing activities.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
Valkyrie Funds competitors and assessment
Company assessmentDirect peers
- Bitwise Asset Management: Crypto-focused asset manager offering spot Bitcoin, Ethereum, and other crypto ETFs alongside managed funds. Directly competes with CoinShares BTF, BRRR, and DIME for the same RIA and brokerage distribution channels.
- Grayscale Investments: Largest crypto-focused asset manager offering multiple crypto investment products including GBTC and converted Bitcoin/Ethereum ETFs. Directly competes with CoinShares ETFs for institutional and retail crypto allocation via regulated US vehicles.
- Valkyrie Funds: Specialized crypto ETF issuer offering spot Bitcoin, Ethereum, and Solana ETFs plus a Bitcoin mining ETF. Closest pure-play competitor to CoinShares' diversified crypto ETF suite, including overlapping mining-equity exposure.
- 21Shares (now part of FalconX): Issuer of crypto ETPs (US-listed ETFs and European ETPs) spanning Bitcoin, Ethereum, and altcoin baskets. Directly overlaps with CoinShares' crypto ETF product lineup and dual US/European footprint.
Broad incumbents
- Franklin Templeton Digital Assets: Large traditional asset manager that has launched spot Bitcoin and Ethereum ETFs (EZPZ, BITZ, etc.) and broader digital asset offerings. Competes head-on with CoinShares ETFs while also offering a much wider traditional fund lineup.
- Fidelity Digital Assets: Issuer of the Fidelity Wise Origin Bitcoin Fund (FBTC) and other crypto investment vehicles, leveraging Fidelity's distribution scale. Direct product competitor to CoinShares' spot Bitcoin ETFs but with vastly greater brand and advisor reach.
- BlackRock (iShares Bitcoin & Ethereum ETFs): World's largest asset manager with spot Bitcoin ETF (IBIT) and Ethereum ETF (ETHA). Direct competitor to BTF/BRRR but within an exponentially broader product portfolio and distribution footprint.
- VanEck: Asset manager with multiple crypto ETFs (HODL, ETHV) and a long-running Bitcoin mining equity ETF (DAM). Directly competes with CoinShares ETFs while also running a full traditional ETF and ETN lineup.
- ProShares (Bitcoin & Ether ETFs): Issuer of futures-based crypto ETFs (BITO, BITH, etc.) and leveraged crypto products. Direct competitor to CoinShares' futures-backed and 2x leveraged ETFs within a much broader traditional ETF business.
Emerging players
- Hashdex Asset Management: Crypto ETF issuer with US spot Bitcoin/Ethereum products and broader multi-asset crypto index products. Comparable to CoinShares' altcoin (DIME) and multi-vehicle strategy, though with a more index-driven orientation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Valkyrie Funds compliance and trust
Trust signalCompliance2 records
Valkyrie Funds financial estimates
Financial estimateRevenue estimate
Valuation estimate
Valkyrie Funds leadership team
Management profileNumber of profiles
Valkyrie Funds subsidiaries and ownership
Company hierarchySubsidiaries2 records
Valkyrie Funds funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Valkyrie Funds M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Valkyrie Funds
What does Valkyrie Funds do?
Valkyrie Funds offers a suite of SEC-regulated crypto ETFs providing exposure to digital assets including Bitcoin, Ethereum, altcoins, and Bitcoin mining equities. The product lineup includes both spot-based and futures-based ETFs, with some offering 2x daily leveraged target exposure, distributed through major brokerage platforms and authorized ETF distributors to institutional and retail investors in the United States.
Is Valkyrie Funds a public or private company?
Valkyrie Funds is a private company. It is classified as unknown and is currently operating.
When was Valkyrie Funds founded?
Valkyrie Funds was founded in -1. It employs 11 to 50 people.
Where is Valkyrie Funds based?
Valkyrie Funds is headquartered in Nashville, United States, in the North America region.
How does Valkyrie Funds make money?
One revenue line is on record: ETF Management Fees.
Who are Valkyrie Funds's main competitors?
Direct peers on record are Bitwise Asset Management, Grayscale Investments, Valkyrie Funds and 21Shares (now part of FalconX). Broad incumbents are Franklin Templeton Digital Assets, Fidelity Digital Assets, BlackRock (iShares Bitcoin & Ethereum ETFs), VanEck and ProShares (Bitcoin & Ether ETFs). Hashdex Asset Management is listed as an emerging player.
Does Valkyrie Funds have an API?
No public API is recorded for Valkyrie Funds.
What industry is Valkyrie Funds in?
Valkyrie Funds's product category is Digital Asset ETFs. Its primary akta.pro industry code is FSADAHAC, Index-Tracking Funds, ETPs & Structured Index Products (Crypto), with a secondary code of FSAAAFAC, Sector & Industry Equity ETFs. Its NAICS code is 523 and its SIC code is 6200.