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Trading platform Abra purchased Valkyrie’s crypto trusts: Report

Abra purchased the trusts amid a settlement with 25 US state regulators connected to financial licensing violations.

Trading platform Abra reportedly purchased Valkyrie’s private crypto trusts in May 2024, ahead of a settlement between the crypto trading platform and 25 state financial regulators in the United States.

According to Bloomberg, Abra took over Valkyrie’s Tron (TRX) and Zilliqa trusts, which saw previous sales of $50 million and $21.3 million respectively. In addition to TRON and Zilliqa, Abra purchased several other unnamed digital asset trusts from Valkyrie.

Marissa Kim, Abra’s head of asset management, also told the financial outlet that the trading platform could list the trusts on public exchanges, should market demand grow for the investment vehicles.

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Abra purchased the trusts amid a settlement with 25 US state regulators connected to financial licensing violations.
Trading platform Abra reportedly purchased Valkyrie’s private crypto trusts in May 2024, ahead of a settlement between the crypto trading platform and 25 state financial regulators in the United States.According to Bloomberg, Abra took over Valkyrie’s Tron (TRX) and Zilliqa trusts, which saw previous sales of $50 million and $21.3 million respectively. In addition to TRON and Zilliqa, Abra purchased several other unnamed digital asset trusts from Valkyrie. Marissa Kim, Abra’s head of asset management, also told the financial outlet that the trading platform could list the trusts on public exchanges, should market demand grow for the investment vehicles.Read more  

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