The Valkyrie Bitcoin ETF (BRRR) has recorded a powerful surge of over 12% within the pre-market buying and selling session right this moment. This comes after 4 consecutive days of declines since inception, indicating a major rebound. Whilst, the opposite Spot Bitcoin ETFs prolonged declines.
Valkyrie Bitcoin ETF Gains After Major BTC Acquisition
According to information from Yahoo Finance, Valkyrie’s BRRR soared 12.64% to $13.84 (up by 1.55 factors) at press time within the pre-market session on Wednesday, January 17. The upswing may very well be attributed to the huge Bitcoin acquisition by the Valkyrie Bitcoin Fund.
The Valkyrie Bitcoin Fund reportedly added 355 BTC price over $15 million, contemplating the current Bitcoin value developments. Earlier, BRRR plunged by 12.86% and closed at $12.29 on Tuesday.
Meanwhile, Valkyrie‘s major competitors, such as Grayscale’s GBTC and BlackRock’s IBIT tumbled within the pre-market session. GBTC dropped 0.57% to $38.10 whereas IBIT slumped by 1.25% to $24.72. Moreover, different rivals additionally registered declines.
Also Read: Spot Bitcoin ETFs See $10 Billion Trading Volumes In Just 3 Days, What’s Ahead?
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