Trading platform Abra acquired Valkyrie's private crypto securities in May 2024, ahead of a deal between the crypto trading platform and 25 state financial regulators in the US. According to Bloomberg, Abra acquired Valkyrie's Tron (TRX) and Zilliqa trusts, which previously saw sales of $50 million and $21.3 million respectively.

In 2023, Texas state regulators charged Abra with bankruptcy and securities fraud. The Texas State Securities Board claimed the company had been insolvent since March 2023 and issued a cease and desist order against the exchange in June of that year.

In 2024, the trading platform faced increasing pressure from various state regulators, where it was accused of operating without a license. This resulted in an agreement with 25 states.

In 2024, CoinShares announced the acquisition of Valkyrie's ETF business and the financial firm's advisory arm. CoinShares also announced that it will rebrand its Valkyrie business assets under the CoinShares brand as part of the firm's US expansion ambitions.

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