Are ETFs Starting to Roar Again? Valkyrie Bitcoin ETF Retakes Its Opening Price Level!

<p>&nbsp;The Valkyrie Bitcoin ETF (BRRR) posted an impressive jump of over 12% in today's pre-market session. This comes after four consecutive days of decline since its inception, indicating a significant recovery. Meanwhile, other Spot Bitcoin ETFs extended the decline.</p><p><br /></p><p>Based on the data, BRRR Valkyrie jumped 12.64% to $13.84 (up 1.55 points) in the pre-market session on Wednesday, January 17. This increase may be due to the massive accumulation of Bitcoins by the Valkyrie Bitcoin Fund.</p><p><br /></p><p>It is reported that the Valkyrie Bitcoin Fund added 355 BTC worth more than $15 million, following the recent Bitcoin price trend. Previously, BRRR declined by 12.86% and closed at $12.29 on Tuesday. Additionally, this ETF has experienced a decline in value since its launch.</p><p><br /></p><p>Valkyrie's Bitcoin ETF, BRRR, opened at $14.10 on Thursday, January 11, which was its first day of trading. After that, the price dropped 5.74% and closed at $13.29. Further, on Friday, BRRR declined by 6.17% and finished the trading session at $12.47. However, a recent pre-market push has pushed the Valkyrie Bitcoin ETF price closer to its opening price, indicating a remarkable recovery.</p><p><br /></p><p><br /></p><p>Meanwhile, Valkyrie's main rivals, such as Grayscale's GBTC and BlackRock's IBIT, declined in the pre-market session. GBTC fell 0.57% to $38.10 while IBIT declined by 1.25% to $24.72. This comes after GBTC and IBIT lost 0.67% and 1% respectively on Tuesday.</p><p><br /></p><p>Further, other Bitcoin Spot ETF competitors also registered significant declines in the pre-market session. ARKB of the Ark 21 Shares Bitcoin ETF fell 1.73% to $42.73 after closing 0.80% lower on Tuesday. Also, Fidelity Wise's FBTC fell 0.84% to $37.78 after closing at $38.10 (down 0.65%) in the last day.</p><p><br /></p><p>Meanwhile, Invesco Galaxy's BTCO fell 0.83% to $43.06. Also, BITB from Bitwise lost 1.56% and recorded the price at $23.35. WisdomTree Bitcoin Trust (WBTC) fell 1.38% to $45.41. Previously, WBTC closed at $46.04 on Tuesday, showing a decrease of 1.21%.</p><p><br /></p><p>Vaneck Bitcoin Trust (HODL) fell by $0.91% to $48.75, while ProShares Bitcoin Strategy ETF (BITO) recorded a price level of $20.60, down by 1.48%. On the other hand, Franklin Templeton's EZBC declined 1.71% to 24.75.</p>