|
Valkyrie Bitcoin Miners ETF
|
||||||||
|
Schedule of Investments
|
||||||||
|
December 31, 2023 (Unaudited)
|
||||||||
|
COMMON STOCKS - 99.7%
|
Shares
|
Value
|
||||||
|
IT Services - 4.6%
|
||||||||
|
Applied Digital Corp. (a)
|
496,026
|
$
|
3,343,215
|
|||||
|
Semiconductors & Semiconductor Equipment - 5.5%
|
||||||||
|
Advanced Micro Devices, Inc. (a)
|
2,125
|
313,246
|
||||||
|
NVIDIA Corp.
|
6,829
|
3,381,858
|
||||||
|
Taiwan Semiconductor Manufacturing Co., Ltd. - ADR
|
2,946
|
306,384
|
||||||
|
4,001,488
|
||||||||
|
Software - 89.2%
|
||||||||
|
Argo Blockchain PLC - ADR (a)
|
851,802
|
3,185,739
|
||||||
|
Bit Digital, Inc. (a)
|
817,906
|
3,459,742
|
||||||
|
Bitdeer Technologies Group – Class A (a)
|
318,301
|
3,138,448
|
||||||
|
Bitfarms, Ltd. (a)
|
1,161,969
|
3,381,330
|
||||||
|
Cipher Mining, Inc. (a)
|
835,368
|
3,450,070
|
||||||
|
Cleanspark, Inc. (a)
|
913,642
|
10,077,471
|
||||||
|
Digihost Technology, Inc. (a)
|
431,750
|
988,708
|
||||||
|
Greenidge Generation Holdings, Inc. (a)
|
130,316
|
874,420
|
||||||
|
HIVE Digital Technologies, Ltd. (a)
|
733,629
|
3,323,339
|
||||||
|
Hut 8 Corp. (a)
|
248,794
|
3,318,912
|
||||||
|
Iris Energy, Ltd. (a)
|
1,084,789
|
7,756,241
|
||||||
|
Marathon Digital Holdings, Inc. (a)
|
465,788
|
10,941,360
|
||||||
|
Mawson Infrastructure Group, Inc. (a)
|
301,159
|
963,709
|
||||||
|
Riot Platforms, Inc. (a)
|
426,546
|
6,598,667
|
||||||
|
Stronghold Digital Mining, Inc. – Class A (a)
|
74,385
|
543,011
|
||||||
|
Terawulf, Inc. (a)
|
1,432,260
|
3,437,424
|
||||||
|
65,438,591
|
||||||||
|
Technology Hardware, Storage & Peripherals - 0.4%
|
||||||||
|
Samsung Electronics Co., Ltd. - GDR
|
201
|
301,098
|
||||||
|
TOTAL COMMON STOCKS (Cost $55,057,830)
|
73,084,392
|
|||||||
|
TOTAL INVESTMENTS - 99.7% (Cost $55,057,830)
|
|
73,084,392
|
||||||
|
Other Assets in Excess of Liabilities - 0.3%
|
243,011
|
|||||||
|
TOTAL NET ASSETS - 100.0%
|
$
|
73,327,403
|
||||||
|
ADR - American Depositary Receipt
|
|
GDR - Global Depositary Receipt
|
|
(a)
|
Non-income producing security.
|
|
Valkyrie Bitcoin Miners Opportunities ETF
|
||||||||||
|
Summary of Fair Value Disclosure at December 31, 2023 (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, 2023:
|
||||||||||
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
|
Common Stocks
|
||||||||||||||||
|
Information Technology
|
$
|
73,084,392
|
$
|
-
|
$
|
-
|
$
|
73,084,392
|
||||||||
|
Total Common Stocks
|
73,084,392
|
-
|
-
|
73,084,392
|
||||||||||||
|
Total Investments
|
$
|
73,084,392
|
$
|
-
|
$
|
-
|
$
|
73,084,392
|
||||||||
|
Refer to the Fund's Schedule of Investments for a detailed break-out of holdings by industry.
|
||||||||||||||||