Trading platform Abra reportedly purchased Valkyrie’s private crypto trusts in May 2024, ahead of a settlement between the crypto trading platform and 25 state financial regulators in the United States.
According to Bloomberg, Abra took over Valkyrie’s Tron
TRXUSD
and Zilliqa trusts, which saw previous sales of $50 million and $21.3 million, respectively. In addition to Tron and Zilliqa, Abra purchased several other unnamed digital asset trusts from Valkyrie.
Marissa Kim, Abra's head of asset management, also told the financial outlet that the trading platform could list the trusts on public exchanges, should market demand grow for the investment vehicles.
According to Bloomberg, Abra took over Valkyrie’s Tron
TRXUSD
and Zilliqa trusts, which saw previous sales of $50 million and $21.3 million, respectively. In addition to Tron and Zilliqa, Abra purchased several other unnamed digital asset trusts from Valkyrie.
Marissa Kim, Abra's head of asset management, also told the financial outlet that the trading platform could list the trusts on public exchanges, should market demand grow for the investment vehicles.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.