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The Valkyrie Bitcoin ETF (BRRR) has recorded a powerful surge of over 12% within the pre-market buying and selling session immediately. This comes after 4 consecutive days of declines since inception, indicating a major rebound. Whilst, the opposite Spot Bitcoin ETFs prolonged declines.

Valkyrie Bitcoin ETF Gains After Major BTC Acquisition

According to knowledge from Yahoo Finance, Valkyrie’s BRRR soared 12.64% to $13.84 (up by 1.55 factors) at press time within the pre-market session on Wednesday, January 17. The upswing might be attributed to the large Bitcoin acquisition by the Valkyrie Bitcoin Fund.

The Valkyrie Bitcoin Fund reportedly added 355 BTC price over $15 million, contemplating the current Bitcoin worth tendencies. Earlier, BRRR plunged by 12.86% and closed at $12.29 on Tuesday. In addition, the ETF had been witnessing a drop in worth ever because it went stay.

The Valkyrie Bitcoin ETF, BRRR, opened at $14.10 on Thursday, January 11, which was its first day of buying and selling. Thereafter, it plunged 5.74% and closed at $13.29. Furthermore, on Friday, BRRR plummeted by 6.17% and concluded the buying and selling session at a price of $12.47. However, the current pre-market push has propelled the Valkyrie Bitcoin ETF worth nearer to its opening worth, suggesting an outstanding restoration.

Also Read: Cathie Wood’s Ark Invest Sells ProShares Strategy ETF (BITO) To Buy ARKB Spot Bitcoin ETF

Valkyrie’s Competitors Fail To Rebound

Meanwhile, Valkyrie‘s major competitors, such as Grayscale’s GBTC and BlackRock’s IBIT tumbled within the pre-market session. GBTC dropped 0.57% to $38.10 whereas IBIT slumped by 1.25% to $24.72. This comes after GBTC and IBIT misplaced 0.67% and 1% on Tuesday, respectively.

Furthermore, different Spot Bitcoin ETF opponents additionally registered vital pre-market declines. The Ark 21 Shares Bitcoin ETF, ARKB, plunged 1.73% to $42.73 after closing 0.80% decrease on Tuesday. Moreover, Fidelity Wise’s FBTC dipped 0.84% to $37.78 after closing at $38.10 (down by 0.65%) the final day.

Whilst, Invesco Galaxy’s BTCO dropped by 0.83% to $43.06. In addition, Bitwise’s BITB misplaced 1.56% in worth and was priced at $23.35. In the meantime, the WisdomTree Bitcoin Trust (WBTC) slumped by 1.38% to $45.41. Earlier, WBTC closed at $46.04 on Tuesday, indicating a 1.21% dip.

The Vaneck Bitcoin Trust (HODL) declined by $0.91% to $48.75 whereas ProfessionalShares Bitcoin Strategy ETF (BITO) was valued at $20.60, down by 1.48%. Whilst, Franklin Templeton’s EZBC slumped 1.71% to 24.75. On the opposite hand, Hashdex’s DEFI remained stagnant at Tuesday’s shut of $51.50.

Also Read: Spot Bitcoin ETFs See $10 Billion Trading Volumes In Just 3 Days, What’s Ahead?

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