Valkyrie Launches Bitcoin Futures Leveraged Strategy ETF
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According to PANews, Valkyrie, a Bitcoin ETF provider, has announced the launch of the Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ stock code: BTFX), with advisory services provided by its registered investment advisor subsidiary, Valkyrie Funds LLC.
The fund is a leveraged Bitcoin futures ETF designed to provide daily investment returns, before fees and expenses, approximately equal to twice the daily return rate of the S&P CME Bitcoin Futures Index, with a single-day term, primarily achieved through investing in Bitcoin futures contracts. Previously, Valkyrie had launched a spot Bitcoin ETF with the stock code BRRR.