PANews reported on February 22 that according to Businesswire, Bitcoin ETF provider Valkyrie announced the launch of the Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ: BTFX), which is advised by Valkyrie's registered investment advisory subsidiary Valkyrie Funds LLC.
The Fund is a leveraged Bitcoin futures ETF that seeks to provide a daily investment return, before fees and expenses, that is roughly equivalent to twice the excess return of the S&P CME Bitcoin Futures Index, with a single-day term, primarily through investing in Bitcoin futures contracts.
Previously, Valkyrie has launched a spot Bitcoin ETF with the code BRRR.