Trading Platform Abra Acquires Valkyrie's Crypto Trust

Trading platform Abra purchased Valkyrie's private crypto trust in May 2024, after the crypto trading platform reached a settlement with financial regulators in 25 US states. According to Bloomberg, Abra took over Valkyrie's Tron and Zilliqa trusts, which had 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 media outlet that the trading platform could list the trusts on public exchanges if market demand for the investment vehicles grows.