Valkyrie’s BRRR Soars 12% Pre-market As Rivals Extend Declines

The Valkyrie Bitcoin ETF (BRRR) has recorded a formidable surge of over 12% within the pre-market buying and selling session as we speak. This comes after three consecutive days of declines, indicating a big rebound. While, the opposite Spot Bitcoin ETFs prolonged declines.

Valkyrie Bitcoin ETF Positive aspects After Main BTC Acquisition

In line with information from Yahoo Finance, Valkyrie’s BRRR soared 12.64% to $13.84 (up by 1.55 factors) at press time within the pre-market session on Wednesday, January 17. The upswing could possibly be attributed to the large Bitcoin acquisition by the Valkyrie Bitcoin Fund.

The Valkyrie Bitcoin Fund reportedly added 355 BTC value over $15 million, contemplating the latest Bitcoin worth traits. Earlier, BRRR plunged by 12.86% and closed at $12.29 on Tuesday.

In the meantime, Valkyrie‘s main rivals, corresponding to Grayscale’s GBTC and BlackRock’s IBIT tumbled within the pre-market session. GBTC dropped 0.57% to $38.10 whereas IBIT slumped by 1.25% to $24.72. Furthermore, different rivals additionally registered declines.

Additionally Learn: Spot Bitcoin ETFs See $10 Billion Trading Volumes In Just 3 Days, What’s Ahead?

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