Valkyrie Investments Inc. (“Valkyrie”), a specialized digital asset investment management company, is excited to announce the launch of Valkyrie Bitcoin Futures Leveraged Strategy ETF (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.
“The launch of BTFX represents our commitment to bringing investors innovative options for accessing Bitcoin and the digital asset ecosystem as a whole,” said Leah Wald, CEO of Valkyrie. “With Bitcoin so much in the focus right now, traders and investors are looking at how they can use financial instruments to tap into this space, and as a leader in digital-asset-focused ETFs, we wanted to be sure we provide them with a great fund.”
BTFX operates by investing in Bitcoin futures contracts, with the objective of providing, before fees and expenses, two-times the daily performance of the Index, which is designed to measure the performance of the CME Bitcoin Futures market and is rolled on a scheduled basis.
“BTFX is designed for those who see beyond the horizon of traditional investments, offering a strategic tool to capitalize on the volatility and growth prospects of Bitcoin,” said Steven McClurg, CIO of Valkyrie. “It also showcases our commitment to delivering tailored digital asset products, providing our clients with the means to engage with the crypto market through a regulated, familiar format. It’s an exciting step for Valkyrie in our mission to bridge the gap between conventional financial markets and the burgeoning world of digital assets.”
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