Crypto:
30445
Bitcoin:
$62.735
% 2.07
BTC Dominance:
%53.4
% 0.12
Market Cap:
$2.29 T
% 1.42
Fear & Greed:
47 / 100
Bitcoin:
$ 62.735
BTC Dominance:
% 53.4
Market Cap:
$2.29 T

Valkyrie Launches 2x Leveraged Bitcoin Futures ETF

Valkyrie

Valkyrie has introduced a new investment opportunity for those keen on Bitcoin’s price movements: the Valkyrie Bitcoin Futures Leveraged Strategy ETF, a leveraged ETF that aims to provide investors with exposure to Bitcoin’s price action.

Following the successful launch of Valkyrie’s spot Bitcoin ETP, the leveraged ETF seeks to deliver daily investment results corresponding to two times the daily performance of the S&P CME Bitcoin Futures Index (USD) Excess Return, solely for a single day. Managed by Valkyrie Funds LLC, a registered investment adviser subsidiary of Valkyrie Investments Inc., the fund primarily invests in Bitcoin futures contracts.

Leah Wald, CEO of Valkyrie, expressed enthusiasm about the launch, emphasizing their dedication to offering innovative avenues for accessing Bitcoin and the broader digital asset ecosystem. She highlighted the current spotlight on Bitcoin and the growing interest among traders and investors in utilizing financial instruments to engage with the market.

Operated by investing in Bitcoin futures contracts, BTFX aims to double the daily performance of the Index, which tracks the performance of the CME Bitcoin Futures market and undergoes scheduled roll-overs.

Steven McClurg, CIO of Valkyrie, emphasized that BTFX caters to those with a forward-looking perspective on investments, providing a strategic tool to capitalize on Bitcoin’s volatility and growth potential. He noted the company’s commitment to delivering tailored digital asset products, enabling clients to participate in the crypto market through a regulated and familiar format. McClurg described the launch as an exciting milestone in Valkyrie’s mission to bridge the gap between traditional financial markets and the evolving realm of digital assets.

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