Valkyrie Launches 2x Leveraged Bitcoin Futures ETF

The move reflects growing interest in crypto financial products with Valkyrie being among the first to offer spot Bitcoin ETFs.

Asset management Valkyrie introduced a second exchange-traded fund (ETF) linked to potential Bitcoin prices following the listing of a spot Bitcoin ETF in January.

According to a statement made on February 22, Valkyrie has made the Bitcoin Futures Leveraged Strategy Exchange-Traded Fund (ETF) accessible for trade on the Nasdaq under the ticker symbol BTFX.

According to the asset manager, the fund is a leveraged exchange-traded fund (ETF) that invests in Bitcoin futures and has investment returns that are twice as high as the “performance of the CME Bitcoin Futures market rolled on a scheduled basis.”

Valkyrie introduced a similar investment instrument related to Bitcoin futures to the Nasdaq under the ticker symbol BTFD. This was most likely a tribute to the expression “buy the fucking dip,” which is popular among cryptocurrency users when it comes to investing.

After receiving approval from the United States Securities and Exchange Commission in January, Valkyrie asset management was also one of the first participants to be granted permission to list and trade shares of a spot Bitcoin exchange-traded fund (ETF).

According to Leah Wald, CEO of Valkyrie, “Traders and investors are looking into how they can use financial instruments to tap into this space because Bitcoin is currently receiving a lot of attention.

“Several asset managers provided investors with exposure to cryptocurrencies before the SEC’s historic approval of spot Bitcoin exchange-traded funds (ETFs) on January 10 through vehicles related to Bitcoin futures.

Some of the first companies to establish Bitcoin futures exchange-traded funds (ETFs) in the United States were ProShares and Valkyrie in October 2021.

Prior to licensing a Bitcoin investment vehicle, the Securities and Exchange Commission (SEC) continued to push back deadlines or otherwise delay decisions regarding the approval or disapproval of a spot Ether exchange-traded fund (ETF).

The regulator is expected to decide on the final deadline for a spot Ethereum exchange-traded fund (ETF) from asset manager VanEck by the 23rd of May, according to several analysts.