Valkyrie Investments, a leading investment firm focused on digital assets, has raised More than $11 million in a new strategic fundraising.
In the oversubscribed round, the firm secured $11.15 from several investors including BNY Mellon, Coinbase Ventures, Wedbush Financial Services and Clearsky. Other participants included Zilliqa Capital, Cenahill Partners, C-Square Ventures and Belvedere Strategic Capital.
Valkyrie co-founder and CIO Steven McClarge said in a statement that the funding round is an indicator of what investors are building into crypto as well as the company.
The money will go towards developing the company’s proprietary technology infrastructure as well as recruiting new employees.
According to McClurg, the new strategic funding will allow the firm to better serve the entire market. He added that the firm also plans to better integrate its services with traditional platforms.
Valkyrie is a major player in the crypto market, offering a number of products that give institutional investors exposure to crypto assets. Its bitcoin futures ETF debuted last year, and it is one of several firms looking to launch a bitcoin spot ETF.