Home Crypto Second US Bitcoin Futures ETF Launching Today – Here Are the Details

Second US Bitcoin Futures ETF Launching Today – Here Are the Details

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Second US Bitcoin Futures ETF Launching Today – Here Are the Details

A brand new Bitcoin (BTC) futures exchange-traded fund (ETFs) rolls out immediately.

Valkyrie Investments, an alternate asset administration agency, is launching the nation’s second Bitcoin futures ETF, in keeping with CEO Leah Wald.

 

The new product is named the Valkyrie Bitcoin Strategy ETF and can commerce on the Nasdaq below the ticker image BTF.

The launch comes on the heels of ProShares’ Bitcoin futures exchange-traded fund, which exploded onto the market on Tuesday with the second-biggest ETF launch of all time.

Like ProShares’ Bitcoin Strategy ETF (BITO), the Valkyrie ETF doesn’t make investments immediately in BTC however offers value publicity to Bitcoin futures contracts.

Per the ETF’s prospectus,

“Under regular circumstances, the fund will search to buy a lot of Bitcoin futures contracts in order that the complete notional worth… of the Bitcoin underlying the futures contracts held by the fund is as near 100% of the web property of the fund as attainable.”

Bitcoin is buying and selling at $62,793, up practically 10% on the week however down from its Wednesday all-time excessive of $67,276, in keeping with CoinGecko.

 
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