Valkyrie
US digital asset manager specializing in crypto fund products
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About Valkyrie
Valkyrie is a US digital asset manager founded in Nashville in 2020, known for crypto research, ETF issuance, and asset management; it launched the Valkyrie Bitcoin Fund (BRRR) in January 2024, among the first US spot Bitcoin ETFs, offering regulated Bitcoin exposure to institutions and individuals, while its research arm publishes weekly on-chain data, stablecoin supply, and macro market commentary.
Valkyrie's position in the US crypto ETF race went through an ownership change: CoinShares completed its acquisition of Valkyrie's ETF business in 2024, and on July 25, 2025, BRRR was renamed the CoinShares Bitcoin ETF while keeping its ticker, bringing CoinShares roughly $530 million in additional AUM. The Valkyrie-branded research and asset-management business continues on an independent site, publishing market commentary and allocation views.
The Valkyrie brand disclosed no new standalone product, funding or staffing move in 2026, its U.S.
Valkyrie has published no separate 2026 plan; the lineup runs inside CoinShares' U.S. asset-management platform, with bitcoin and multi-asset ETF filings as the likely next step.
Leah Wald — Co-founder and CEO; began her career at the World Bank Group and was a partner at Lucid Investment Strategies; co-founded Valkyrie in 2019.
Steven McClurg — Co-founder and Chief Investment Officer; former managing director and portfolio manager at Guggenheim Partners and managing director at Galaxy Digital, founder of Theseus Capital.
Valkyrie Bitcoin Fund (BRRR) carries a 0.25% sponsor fee and a 30-day median bid/ask spread of 0.04%.
Valkyrie is a US SEC-registered investment adviser (RIA) that issues regulated spot Bitcoin ETF (BRRR) and Bitcoin Strategy ETF (BTF) under the Investment Company Act of 1940.