Crypto asset management firm Valkyrie, which is anticipating its first Bitcoin Futures ETF approval from the Securities and Exchange Commission, has selected a witty ticker name for trading purposes.
The company has announced that it will be trading under the name of $BTFD—a colloquial slang popular in crypto circles meaning “buy the fu*king dip.”
OMG, it looks like Valkyrie changed their ticker to $BTFD, they must of have listened to Twitter bc that was like all over my replies every time we talked about $BTF. Talk about an instant classic. pic.twitter.com/aMcfOKnu91
— Eric Balchunas (@EricBalchunas) October 18, 2021
The Hidden Meaning Behind Valkyrie’s Ticker Change Strategy
Valkyrie’s recent ticker update indicates a strong trading strategy that has been frequently used in the domain of crypto to encourage other users and crypto enthusiasts into buying more cryptocurrency during market corrections and rising.
The crypto community uses distinguished slang and incorporat
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