Piper Sandler Outperforms Valkyrie Bitcoin Fund in Financial Comparison

Analysis shows Piper Sandler Companies has stronger profitability, valuation, and analyst consensus than the Valkyrie Bitcoin Fund.

Published on Feb. 10, 2026

Got story updates? Submit your updates here. ›

Piper Sandler Companies (NYSE:PIPR) and CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) are both financial services companies, but a comparison of the two businesses shows Piper Sandler is the superior investment. The analysis looks at factors like profitability, dividends, institutional ownership, valuation, risk, analyst recommendations and earnings, finding Piper Sandler outperforms the Bitcoin fund on most metrics.

Why it matters

This comparison provides insight into the relative strengths and weaknesses of a traditional financial services firm versus a Bitcoin-focused investment fund. As the crypto industry continues to evolve, understanding how traditional finance stacks up against emerging crypto-assets is valuable for investors.

The details

Piper Sandler Companies has higher revenue and earnings than CoinShares Valkyrie Bitcoin Fund, and also scores better on profitability metrics like net margins, return on equity and return on assets. Piper Sandler's stock also has a lower beta of 1.53, making it less volatile than Valkyrie's 2.66 beta. Analysts give Piper Sandler a stronger consensus rating and higher potential upside compared to the Bitcoin fund.

  • Piper Sandler Companies was formerly known as Piper Jaffray Companies and changed its name in January 2020.
  • The Valkyrie Bitcoin Fund (BRRR) was launched on January 10, 2024.

The players

Piper Sandler Companies

An investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally.

CoinShares Valkyrie Bitcoin Fund

An exchange-traded fund that mostly invests in long Bitcoin, short US dollar currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC).

Got photos? Submit your photos here. ›

The takeaway

This analysis highlights the relative strengths of a traditional financial services firm like Piper Sandler Companies compared to an emerging crypto-focused investment fund like the Valkyrie Bitcoin Fund. As the crypto industry continues to evolve, understanding how established finance players measure up against new crypto-assets will be crucial for investors.