Valkyrie to launch $100 million On-Chain DeFi Fund Crypto-a | Top DeFi

Valkyrie to launch $100 million On-Chain DeFi Fund

Crypto-asset manager Valkyrie Investments will launch a $100 million DeFi fund next week.

Valkyrie Investments last month received the blessing of the U.S. SEC to launch a Bitcoin futures fund (ETF). By adding the DeFi fund, the company joins the likes of Galaxy Digital, which recently launched the DeFi tracker fund. However, DeFi Valkyrie managing director Wes Cowan said the On-Chain DeFi Fund, which goes live Nov. 22, keeps its assets in a chain and therefore goes far beyond the passively managed DeFi Galaxy fund.

"It allows for additional returns from lending, liquidity pools, farming and staking in the DeFi ecosystem," Cowan said in an e-mail. "We're getting valuation plus aggregate returns from DeFi's participation in the chain."