NEWS MAX ONE - Crypto site news of MAX ONE CLUB logo NEWS MAX ONE - Crypto site news of MAX ONE CLUB logo
Seeking Alpha 2021-10-26 20:13:31

Valkyrie aims to offer 1.25x leveraged Bitcoin Futures ETF

Valkyrie filed paperwork Tuesday to launch the Valkyrie XBTO Levered BTC Futures ETF (BTFX), a 1.25x leveraged Bitcoin-futures fund. The new ETF will seek to achieve daily investment results that correspond to 1.25x the daily performance of the Bitcoin (BTC-USD) reference rate. BTFX will be an actively managed fund that will trade alongside the unleveraged Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF). However, the ETF will not directly invest or hold bitcoin, according to a fund prospectus filed with the U.S. Securities and Exchange Commission. That's because regulators have so far refused to authorize ETFs to directly hold Bitcoin (BTC-USD). The floodgates of Bitcoin-futures funds began to open last week when the ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) launched. One week later, issuers are already looking to offer additional crypto-related ETFs. While a 1.25x leverage might seem small, it’s an additional option for a volatile instrument and comes just under a week after Valkyrie launched BTF. Daily

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.