Executive Summary
The Story So Far
Why This Matters
Who Thinks What?
Bitcoin notched a new record high of $124,450 in early trading on Thursday, August 14, 2025, before retreating to $118,000 by market close following July’s hot Producer Price Index (PPI) report. This surge, part of a year-long series of record-breaking days, is largely attributed to increasing institutional interest, a favorable U.S. regulatory environment, and sustained retail enthusiasm, with advisors eyeing funds like the CoinShares Valkyrie Bitcoin Fund (BRRR) for exposure.
The world’s largest cryptocurrency by market capitalization briefly surpassed its previous peaks before experiencing a pullback. This retreat, characterized by profit-taking and the economic data, is seen by some experts as a typical pattern for Bitcoin price spikes.
Ric Edelman, founder of the Digital Asset Council of Financial Professionals, anticipates continued gains despite short-term volatility. Edelman told CNBC that he expects Bitcoin to “continue to rise to evermore all-time highs,” projecting it will “end the year over $150,000,” while cautioning investors about the asset’s inherent volatility.
Investment Vehicles for Bitcoin Exposure
For investors and advisors looking to capitalize on Bitcoin’s price momentum while navigating its volatility, the CoinShares Valkyrie Bitcoin Fund (BRRR) offers a structured pathway. As of August 14, 2025, the fund has demonstrated strong performance, with a year-to-date price return of 26.16%, even after Thursday’s market retreat.
About the CoinShares Valkyrie Bitcoin Fund (BRRR)
BRRR provides direct exposure to Bitcoin’s price movements, simplifying access for investors through traditional brokerage platforms. This structure allows investors to participate in the cryptocurrency market without the complexities of direct Bitcoin ownership, such as managing private keys or securing digital wallets.
The fund aims to mirror the price performance of the CME CF Bitcoin Reference Rate – New York Variant, accounting for its fees and expenses. This index specifically calculates Bitcoin’s price at the New York market close, utilizing data from the same six Bitcoin exchanges as the broader CME CF Bitcoin Reference Rate.
Structurally, BRRR operates as a trust that passively holds physical Bitcoin, meaning its shares are directly tied to the value of the underlying asset. The Bitcoin held by the fund is custodied by reputable firms including Coinbase, BitGo, and Komainu, with private keys securely maintained in cold storage. This offline storage method provides an enhanced layer of protection against potential hacking attempts.
The CoinShares Valkyrie Bitcoin Fund carries a management fee of 0.25%.
Bitcoin’s recent record-breaking performance underscores growing investor confidence and evolving market dynamics, despite short-term pullbacks. As the asset continues to mature, investment vehicles like BRRR provide accessible avenues for those seeking exposure to its unique blend of potential gains and inherent volatility.
