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DIGITAL ASSETSLong-term holders now account for roughly 78% of the circulating supply of bitcoin, meaning over 15 million BTC were last active over six months ago. Older coins typically swell in volume during bearish market trends, reflecting a net transfer from new investors and speculators back to longer-term investors. Source: Glassnode, February 2023Liquid staking is now the second biggest DeFi sector, overtaking decentralized lending and borrowing. The value of digital assets deposited in liquid staking protocols has increased to over $14 billion, trailing only decentralized exchanges. Source: DeFi LLama, February 2023Digital Currency Group reported a loss of $1.1 billion last year as the firm battled falling digital asset prices and the restructuring of its Genesis lending platform.Ukraine has netted $70 million in crypto donations since Russia’s invasion a year ago. Funds donated include $28.9 million in ETH, $22.8 million in BTC, and $11.6 million in Tether. Source: Cointelegraph, February 2023WHAT TO KNOWUS pending home sales rose by 8.1% in January, marking the biggest monthly increase since June 2020, beating estimates of a 1% advance. Despite the surge, contract signings were still down 22.4% from January 2022. Source: Bloomberg, February 2023SubscribeUpcoming Opportunistic Fund WebinarJoin Valkyrie’s Opportunistic Fund portfolio team on Tuesday, Mar 21 at 2 PM as they discuss uncovering digital asset value in current markets.Register Here |
| Past performance is not indicative of future results. Investments may be speculative, illiquid and there is a risk of total loss. There is no guarantee that any specific outcome will be achieved. This is not an offer to buy or sell securities. We do not offer legal, tax or financial advice. Information is purported to be as of the time period provided therein. Charts/graphs are for illustrative purposes only.Cautionary Statement Concerning Forward-Looking Statements:This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this document and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this document and other statements made from time to time by us or our representatives might not occur.Valkyrie Investments, 320 Seven Springs Way, Suite 250, Brentwood, Tennessee 37027, United States |
