According to Bloomberg, cryptocurrency trading platform Abra said it has acquired several private cryptocurrency trusts from Valkyrie Investments, including Valkyrie's Tron and Zilliqa trusts, as well as several trusts that have not yet been launched. As of October last year, Zilliqa Trust had sold a total of $21.3 million in assets; as of September 2022, its Tron Trust had sold a total of $50 million in assets. Valkyrie steadily divested some of its businesses in 2024, including the main exchange-traded fund business sold to CoinShares earlier this year.

In June, Abra reached a settlement with 25 U.S. state financial regulators, claiming that it operated without the required state licenses to handle crypto asset activities. As part of the deal, Abra will return $82.1 million in crypto assets to U.S. customers, according to a statement from the Conference of National Bank Supervisors, and the company had already stopped providing services in the country last year.