The investment vehicle is listed on the Nasdaq with the ticker symbol BTFX following the 2023 launch of a similar fund under BTFD.
Asset manager Valkyrie has launched a second exchange-traded fund (ETF) linked to Bitcoin (BTC) futures following its listing of a spot BTC ETF in January.
In a Feb. 22 announcement, Valkyrie said shares of its Bitcoin Futures Leveraged Strategy ETF were available for trading on the Nasdaq under the ticker symbol BTFX. The asset manager described the fund as a leveraged Bitcoin futures ETF with investment results two times the “performance of the CME Bitcoin Futures market [...] rolled on a scheduled basis.”
The launch followed Valkyrie introducing a similar investment vehicle tied to Bitcoin futures to the Nasdaq under the ticker symbol BTFD — likely an homage to the “buy the fucking dip” phrase popular among crypto users. The asset manager was also one of the first allowed to list and trade shares of a spot Bitcoin ETF in January, following approval by the United States Securities and Exchange Commission.
