Valkyrie Investments has launched an ETF with 2x leverage on Bitcoin futures, allowing investors to aggressively expose themselves to Bitcoin price movements.
Valkyrie introduces futures ETF following its spot Bitcoin ETF
Valkyrie Investments, known for its expertise in managing digital asset investments, has recently launched the Valkyrie Bitcoin Futures Leveraged Strategy ETF (ticker: BTFX), advised by its subsidiary Valkyrie Funds LLC.
This leveraged fund aims to deliver a performance that is twice as high as the S&P CME Bitcoin Futures index, on a daily basis, before fees and expenses, by primarily investing in Bitcoin futures contracts. This launch follows the success of the Valkyrie Bitcoin Fund, an exchange-traded product that offers direct, unleveraged exposure to Bitcoin.
Commitment to innovation and Bitcoin market access
Leah Wald, CEO of Valkyrie, emphasizes the company’s commitment to providing investors with innovative options to access Bitcoin and the global digital asset ecosystem.
Bitcoin is at the forefront of news, and traders and investors are looking for ways to utilize financial instruments to tap into this space, and as a leader in digital asset-focused ETFs, we wanted to make sure we provided them with an excellent fund.
With BTFX, Valkyrie aims to meet the growing demand from traders and investors for financial instruments that can capture the dynamics of the Bitcoin market, thus solidifying its position as a leader in digital asset-focused ETFs.
This also demonstrates our commitment to providing tailored digital asset products, empowering our clients to participate in the cryptocurrency market through a regulated and familiar format. It is an exciting step for Valkyrie in its mission to bridge the gap between traditional financial markets and the booming world of digital assets.
The Chief Investment Officer at Valkyrie describes BTFX as a strategic tool for investors seeking to leverage the volatility and growth potential of Bitcoin.
