Valkyrie shakes up ETF game with 'fintwit' meme, aims for Bitcoin futures-based fund.
Both of Valkyrie’s Bitcoin-centric funds do not have direct exposure to Bitcoin itself; instead, they invest intraded on the Chicago Mercantile Exchange. Bitcoin futures are financial contracts that allow investors to speculate on the future price movements of Bitcoin. These contracts obligate the buyer to purchase or the seller to sell Bitcoin at a predetermined price on a specific future date.
In contrast to the firm’s existing block trading facility fund, this newly proposed fund will offer leverage, allowing speculators to increase their exposure to the dominant cryptocurrency. A BTF is an actively managed ETF available through Nasdaq that invests primarily in Bitcoin futures contracts.
Up to this point, the market has witnessed the introduction of four distinct Bitcoin futures-based ETFs. The first, ProShares Bitcoin Futures ETF, was
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