- Steven McClurg is the investing chief for Valkyrie Investments, which manages about $500 million.
- He told Insider about the firm’s bitcoin ETF plans and why it skipped investing in ethereum.
- He also makes the case for 5 under-the-radar altcoins for which the firm has launched trusts.
As optimism for the SEC’s approval of up to four bitcoin futures ETFs this month builds, a Nashville, Tennessee-based crypto asset manager could be first in line to reap the rewards of a long-anticipated fund launch.
Valkyrie Investments, which manages about $500 million in assets, filed for a physically backed bitcoin ETF and two bitcoin futures ETFs under the Investment Company Acts of 1933 and 1940, respectively.
As a small issuer, Valkyrie was able to file for the ’33 Act-related fund confidentially, but a Nasdaq filing in August revealed the firm as the frontrunner.