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Rating:A Tennessee Startup Crosses $1B In AUM Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 16, 2022

A Tennessee Startup Crosses $1B In AUM

Reported by Neil Anderson, Managing Editor

A year-old, Nashville-area startup's team is celebrating a big milestone.

Leah Wald
Valkyrie Investments Inc.
CEO, Co-Founder
Yesterday, Leah Wald, CEO and co-founder of Valkyrie Investments Inc., and Steve McClurg, chief investment officer and co-founder, confirmed that the Brentwood, Tennessee-based digital assets-focused asset manager has surpassed $1 billion in AUM. That includes about $50 million across the three ETFs from Valkyrie's Valkyrie Funds [profile] arm. (The oldest and biggest of those ETFs, the $45-million-AUM Valkyrie Bitcoin Strategy ETF, i.e. BTF, debuted less than four months ago.)

"The response to our ETF offerings has been overwhelming and welcome," McClurg states. "We are of course working on bringing more products to market, based entirely on feedback and demand from RIAs, family offices, and others."

The bulk of Valkyrie's AUM is in seven institutional-only products, under its Valkyrie Digital Assets arm (which also launched last year).

"The past year has seen soaring demand for exposure to digital assets from a wide variety of investors and market participants ... from individuals seeking ETFs to family offices, pensions, and endowments eagerly allocating to hedge funds and trusts," Wald states. 

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