TechFlow news — Digital asset management firm Valkyrie has announced the launch of the Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ: BTFX), designed to deliver investment results that correspond to two times the daily performance of the bitcoin futures market.
BTFX operates by investing in bitcoin futures contracts, aiming to achieve twice the daily return of an index that measures performance in the CME bitcoin futures market, with systematic rolling of contracts.
Leah Wald, CEO of Valkyrie, stated that the launch of BTFX offers investors innovative options for accessing bitcoin and the broader digital asset ecosystem.
Steven McClurg, Chief Investment Officer at Valkyrie, said BTFX is designed to provide investors with a strategic tool to leverage bitcoin's volatility and growth potential, while demonstrating the firm’s commitment to delivering tailored digital asset products that enable clients to participate in crypto markets through regulated and familiar formats.
