Valkyrie Rolls Out Leveraged Bitcoin Futures Fund

Asset manager Valkyrie has recently launched its second exchange-traded fund (ETF) connected to Bitcoin futures.

This comes after the successful listing of their spot BTC ETF in January. On February 22, Valkyrie announced that shares for their Bitcoin Futures Leveraged Strategy ETF were now available for trading on the Nasdaq with the ticker symbol BTFX.

According to the company, this is a leveraged ETF that offers investment results twice the performance of the CME Bitcoin Futures market, rolled on a scheduled basis.

This latest launch follows Valkyrie’s initial introduction of a similar investment vehicle tied to Bitcoin futures on the Nasdaq with the ticker symbol BTFD – likely a nod to the popular phrase “buy the fucking dip” among crypto users.

Additionally, Valkyrie was one of the first to be granted approval by the United States Securities and Exchange Commission to list and trade shares of a spot Bitcoin ETF in January.