Valkyrie Investments has raised $11.15 million in a new strategic funding round.
The round saw participation from the likes of BNY Mellon, Wedbush Financial Services, Clearsky, Zilliqa Capital, C-Squared Ventures, Belvedere Strategic Capital and SenaHill Partners, among others.
Valkyrie has launched a number of trusts this year, with multiple products providing exposure to single assets. Other recently launched products include an exchange-traded fund that invests in firms engaged in bitcoin mining. It also surpassed $1 billion in assets under management earlier this year.
The firm has been among a group of issuers vying to be the first to bring a spot bitcoin ETF to market, though none have been successful. It was, however, one of the earliest to bring a bitcoin futures product to market, posting an $80 million debut with its bitcoin futures ETF.
Valkyrie plans to use this fresh round of funding to increase its headcount and continue building out proprietary technology infrastructure with an eye toward bringing more products to market.
Valkyrie previously raised $10 million in a Series A round last year.