CoinShares Bitcoin ETF
BRRR
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- 437 Madison Avenue, 28th Floor New York NY United States of America 10022
- IPO Date
- Jan 11, 2024
- CIK
- 0001841175
- Website
- valkyrieinvest.com
- Similar Companies
- Business
- CoinShares Bitcoin ETF (BRRR) is a spot Bitcoin exchange-traded fund that provides investors with exposure to the price performance of Bitcoin through shares traded on the Nasdaq stock exchange. The ETF holds physical Bitcoin directly, custodied with regulated providers including Coinbase Custody Trust Company LLC, BitGo Trust Company, Inc., and Komainu (Jersey) Limited; its investment objective is for the shares to reflect the performance of Bitcoin as measured by the CME CF Bitcoin Reference Rate - New York Variant, less the Trust's liabilities and expenses. Launched on January 10, 2024, with a sponsor fee of 0.25%, the fund invests substantially all its assets in Bitcoin secured in cold storage, alongside minimal cash holdings, and is sponsored by CoinShares Co., with administration by US Bancorp Fund Services LLC, cash custody by U.S. Bank N.A., and marketing by Paralel Distributors LLC. The ETF targets institutional and retail investors seeking convenient, regulated access to Bitcoin within traditional brokerage accounts and portfolios, without the need for direct cryptocurrency management; it operates primarily in the United States, with shares available through major trading platforms. CoinShares, active in digital assets since 2014 and a pioneer in Europe's leading crypto ETPs by assets under management, serves as the parent entity overseeing the fund's hybrid traditional and digital asset expertise. In March 2024, CoinShares International Limited completed its acquisition of Valkyrie Funds LLC, the original sponsor of the Valkyrie Bitcoin Fund (previously associated with BRRR), adding approximately $530 million in assets under management and facilitating CoinShares' U.S. market expansion through complementary regulatory licenses. This strategic transaction led to the rebranding of the fund under the CoinShares umbrella, enhancing brand consistency and product unification across CoinShares' ecosystem, with the integration process substantially finalized by mid-2024.