Avalanche (AVAX), Terra (LUNA) and Zilliqa (ZIL) Included in New Valkyrie Trust

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3 years ago
Valkyrie Investments has included a slew of proof-of-stake altcoins in its new multi-coin trust

Alternative asset management firm Valkyrie Investments has announced the launch of a new exotic trust that includes Avalanche (AVAX), Binance (BNB), Terra (LUNA), Zilliqa (ZIL), Polygon (MATIC) and other Layer 1 cryptocurrencies.

CIO Steven McClurg says that the company's depth and breadth of cryptocurrency coverage make it possible to offer a product that tracks the value of a big basket of cryptocurrencies.

Unlike other investment products overseen by the company, the multi-coin fund is specifically focused on staking yields. Annual rewards are expected to reach roughly 6%.

London-based cryptocurrency custodian Copper Technologies will be responsible for safeguarding funds. 


RelatedBank of England Urges Banks to Fund Bigger Scrutiny of Crypto
Bitcoin ETF

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