Valkyrie has recently introduced the 2x leveraged Exchange-Traded Fund (ETF) based on Bitcoin futures.
The new fund, known as BTFX, will compete with the Volatility Shares Strategic Bitcoin 2x Exchange-Traded Fund, known as BITX. Let’s see all the details below.
Valkyrie introduces an innovative exchange traded fund (ETF) on Bitcoin futures
As anticipated, last Thursday, Valkyrie introduced a new Bitcoin-based leveraged product.
Specifically, aiming to offer a daily performance double compared to a Bitcoin futures index, thus consolidating its presence in leveraged products linked to Bitcoin.
The fund, called Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX), is an Exchange-Traded Fund (ETF) based on Bitcoin futures with leverage, designed to generate a daily performance equal to twice the index.
This is designed to evaluate the performance of the CME Bitcoin futures market, with a scheduled roll-over, as specified by Valkyrie in a press release.
The introdu
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