Valkyrie Launches 2x Leveraged Bitcoin Futures ETF, Offering Investors a Way to Gain Exposure to Bitcoin’s Price Action
Valkyrie Investments Inc. (“Valkyrie”), a specialized digital asset investment management company, is excited to announce the launch of Valkyrie Bitcoin Futures Leveraged Strategy ETF (
NASDAQ: BTFX)(the “Fund”), which is advised by Valkyrie’s registered investment adviser subsidiary, Valkyrie Funds LLC. The Fund is a leveraged Bitcoin futures ETF that seeks to provide daily investment results, before fees and expenses, that corresponds generally to two-times the daily performance of the S&P CME Bitcoin Futures Index (USD) Excess Return (Ticker: SPBTCFUE)(the “Index”), for a single day, not for any other period, primarily through its investments in Bitcoin futures contracts. The launch of BTFX comes after Valkyrie’s successful launch of Valkyrie Bitcoin Fund (Nasdaq: BRRR), a spot Bitcoin exchange traded product which provides investors with direct, unleveraged exposure to Bitcoin.
