Overview
Valkyrie is an investment adviser registered with the SEC and acts as investment adviser to exchange-
traded funds and other pooled investment vehicles. Valkyrie has been registered with the SEC as an
investment adviser since October 14, 2021. Valkyrie Investments Inc. is the parent company of Valkyrie.
Valkyrie is a specialized alternative financial services firm at the intersection of traditional finance and the
emerging cryptocurrency sector whose affiliates offer asset management, research and other services.
Valkyrie provides investment advisory services to exchange traded funds and other pooled investment
vehicles based on the investment objectives and restrictions as set forth in each prospectus or each pooled
investment vehicle’s offering document. The Adviser will be paid a fee at a certain annual rate of assets under
management within the ranges described below under “Fees and Compensation” and its affiliates may also
charge a performance-based fee.
As of January 31, 2023, Valkyrie managed approximately $31.2 million of client assets on a discretionary
basis.
Some Funds advised by Valkyrie are affiliated with a general partner with the authority to make investment
decisions on behalf of the Fund (the “General Partner”, and collectively the “General Partners”). These
General Partners are deemed to be registered under the Investment Advisers Act of 1940, as amended (the
“Advisers Act”) pursuant to Valkyrie’s registration in accordance with SEC guidance. While the General
Partners maintain ultimate authority over the respective Funds, Valkyrie has been delegated the role of
investment adviser. For the Funds where there is no general partner, Valkyrie or an affiliate serves the role
of a general partner and has similarly been delegated the role of investment manager. For more information
about the General Partners and affiliates, please see the Firm’s Form ADV Part 1, Schedule D, Section 7.A.,
Financial Industry Affiliations.