Valkyrie Bitcoin Strategy ETF | ||||||||
Consolidated Schedule of Investments | ||||||||
December 31, 2022 (Unaudited) | ||||||||
Principal | Value | |||||||
U.S. TREASURY BILLS: 58.33% | ||||||||
United States Treasury Bill, 2.91%, 1/19/2023 (a) | $ | 1,000,000 | $ | 998,391 | ||||
United States Treasury Bill, 4.29%, 4/20/2023 (a) | 10,000,000 | 9,869,624 | ||||||
TOTAL U.S. TREASURY BILLS (Cost $10,868,549) | 10,868,015 | |||||||
TOTAL INVESTMENTS (Cost $10,868,549): 58.33% | 10,868,015 | |||||||
Other Assets in Excess of Liabilities: 41.67% (b) | 7,763,406 | |||||||
TOTAL NET ASSETS: 100.00% | $ | 18,631,421 |
(a) | The rate quoted is the annualized discount rate as of December 31, 2022. | |||||
(b) | Includes assets and deposits with broker pledged as collateral for derivative contracts. | |||||
At December 31, 2022, the value of these assets totals $6,242,500. |
Valkyrie Bitcoin Strategy ETF | |||||||||||
Consolidated Schedule of Open Futures Contracts | |||||||||||
December 31, 2022 (Unaudited) | |||||||||||
Value | |||||||||||
Description | Number of Contracts Purchased | Settlement Month-Year | Current Notional Amount | Unrealized Appreciation | Unrealized (Depreciation) | ||||||
Purchase Contracts: | |||||||||||
CME Bitcoin Futures | 227 | Jan-23 | $ 18,767,225 | $ 148,432 | $ - |
Valkyrie Bitcoin Strategy ETF | ||||||||||
Summary of Fair Value Disclosure at December 31, 2022 (Unaudited) | ||||||||||
The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United | ||||||||||
States of America ("U.S. GAAP") establish a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: | ||||||||||
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. | ||||||||||
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may | ||||||||||
include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, | ||||||||||
default rates and similar data. | ||||||||||
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions | ||||||||||
about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. | ||||||||||
The following is a summary of the inputs used to value the Fund's investments as of December 31, 2022: |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Fixed Income | ||||||||||||||||
U.S. Treasury Bills | $ | - | $ | 10,868,015 | $ | - | $ | 10,868,015 | ||||||||
Total Investments | $ | - | $ | 10,868,015 | $ | - | $ | 10,868,015 | ||||||||
Other Financial Instruments* | ||||||||||||||||
Futures Contracts | ||||||||||||||||
Long | $ | 148,432 | $ | - | $ | - | $ | 148,432 | ||||||||
Total Other Financial Instruments | $ | 148,432 | $ | - | $ | - | $ | 148,432 | ||||||||
*The fair value of the Fund’s other financial instruments represents the net unrealized appreciation at December 31, 2022. | ||||||||||||||||
Refer to the Fund's Schedule of Investments for a detailed break-out of holdings. |