TechFlow news, on July 12, according to Bloomberg, Valkyrie Investments has sold its private trust business to digital asset platform Abra, including the Tron and Zilliqa trusts. The deal was reached in May, and Abra reached settlements with 25 U.S. states last week. In March this year, CoinShares announced the completion of its acquisition of the ETF business of Valkyrie Funds LLC, and will also acquire Valkyrie Investments' investment advisory business, obtaining sponsorship rights for Valkyrie's spot Bitcoin ETF BRRR. CoinShares plans to leverage Valkyrie’s ETF infrastructure to expand its U.S. asset management operations, expecting the acquisition to bring an additional $530 million in assets under management.
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