Valkyrie : It is estimated that the inflow of funds in the weeks leading up to Bitcoin spot ETF trading can reach 5 billion US dollars

According to The Block, Steven McClurg, co-founder and Chief Information Officer of Valkyrie Investments, stated that the Bitcoin spot ETF is expected to be approved by the end of the local working day on Wednesday. It is anticipated that the first batch will launch 10 ETFs simultaneously. Valkyrie expects up to $200 million to $400 million inflows into its ETF in the first week, with the entire m arket reaching $5 billion in the initial weeks of trading.

 

When asked how his company plans to profit from such low fees, Steven McClurg said "These types of products may lose money in their early stages; it's okay. Valkyrie anticipates its ETF will become profitable within its first year of trading."