Trading platform Abra has acquired Valkyrie's crypto trust

Trading platform Abra bought Valkyrie's private crypto trust in May 2024, following a settlement with financial regulators in 25 U.S. states. According to Bloomberg, Abra took over Valkyrie's Tron and Zilliqa Trust, which previously had sales of $50 million and $21.30 million, respectively. In addition to Tron and Zilliqa, Abra also purchased several other unnamed digital asset trusts from Valkyrie.
Marissa Kim, head of asset management at Abra, also told the financial media that the trading platform could list these trusts on public exchanges if demand for investment vehicles grows.