Bitcoin prices notched another record-breaking high in overnight trading before retreating in the wake of July’s hot PPI report. Advisors and investors looking to gain exposure to the price momentum of the “digital gold” asset would do well to consider the CoinShares Valkyrie Bitcoin Fund (BRRR).
The world’s largest cryptocurrency by market cap logged a new personal best in the early hours of Thursday morning. Bitcoin reached a new record of $124,450 before falling back to $118,000 by market close on Thursday, August 14, reported CNBC.
The new record follows a string of record-breaking days this year for bitcoin (BTC). Rising institutional investor interest, a favorable U.S. regulatory environment, and ongoing retail enthusiasm create a favorable runway for BTC prices. Bitcoin prices retreated after July’s hot PPI print combined with profit-taking by investors. It’s a normal pattern for BTC price spikes, according to Ric Edelman, founder of the Digital Asset Council of Financial Professionals, who anticipates a short retreat and then more gains.
“I do expect that bitcoin will continue to rise to evermore all-time highs,” Edelman told CNBC. “I think that it will end the year over $150,000.” Edelman went on to caution that while prices will continue to make notable gains, the path forward will be one rife with volatility. That volatility is an inherent part of the asset class, at least for now.
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Harness Bitcoin Price Momentum for Your Portfolio
Advisors and investors with the risk appetite for crypto volatility and eye to capturing BTC price momentum should consider the CoinShares Valkyrie Bitcoin Fund (BRRR). Despite Thursday’s retreat, the fund is still up 26.16% YTD on a price return basis as of August 14, 2025.
The fund provides exposure to bitcoin’s price movements with the ease of access through traditional brokerages. Through BRRR, investors can capture BTC price movements while avoiding many of the extra steps required with direct investment, such as storage.
BRRR seeks to reflect the price performance of the CME CF Bitcoin Reference Rate – New York Variant, minus fees and expenses. This index uses the same six bitcoin exchanges as the CME CF Bitcoin Reference Rate, but calculates bitcoin’s price at New York Market close (4 p.m. ET).
The fund is a trust that passively holds BTC (meaning it’s physically backed). Shares held are tied to the value of the bitcoin held. It also is not an investment company, and therefore does not fall under the 1940 Act. The BTC held is custodied by Coinbase, BitGo, and Komainu, with private keys kept in cold storage. In other words, the means to access the bitcoin held by the custodians remains offline, disconnected from the internet. This provides an extra layer of protection from hacking.
BRRR carries management fees of 0.25%.
For more news, information, and strategy, visit the CoinShares Crypto ETF Hub.
