Valkyrie Balance Sheet Opportunities ETF (VBB) is an actively managed exchange-traded fund that seeks to provide investors with exposure to opportunities arising from balance sheet dynamics across public equities, fixed income, and related derivatives. The fund employs a flexible strategy focused on capitalizing on corporate balance sheet improvements, including share repurchases, debt reduction, dividend increases, and mergers and acquisitions activity; it allocates across large-cap, mid-cap, and small-cap U.S. equities, investment-grade and high-yield bonds, convertible securities, and options overlays for enhanced returns. VBB targets companies demonstrating strong free cash flow generation and shareholder-friendly capital allocation policies, serving institutional and retail investors seeking total return with a focus on financial engineering catalysts.
Launched in 2024 by Valkyrie Investments, headquartered in Nashville, Tennessee, the ETF operates primarily in the U.S. markets with a global perspective on multinational corporations. Valkyrie Investments, the fund sponsor, provides a suite of asset management products including cryptocurrency-linked ETFs, thematic equity funds, and fixed income strategies. In late 2025, VBB expanded its mandate to include opportunistic positions in European equities amid favorable currency hedging opportunities and announced a strategic partnership with a leading options market maker to optimize derivatives execution efficiency. The fund also underwent a minor reallocation in Q3 2025, increasing exposure to technology sector balance sheet optimizers following robust earnings seasons.