This actively managed exchange-traded fund (ETF) aims to allocate a minimum of 80% of its net assets (including any investment-related borrowings) into U. S. operating companies. It specifically targets businesses identified by its adviser, Valkyrie Funds LLC, as possessing "innovative balance sheets." This definition encompasses companies with direct or indirect exposure to Bitcoin, whether through investment, transactions, or other related activities, such as cryptocurrency custodians, exchanges, or traders.