BTFX

Valkyrie ETF Trust II CoinShares Bitcoin Leverage ETF

$35.88

+0.00%

Market closed. Last update: 11:55 AM ET

📎 Investment Objective

The Valkyrie ETF Trust II CoinShares Bitcoin Leverage ETF (BTFX) seeks to provide investment results that, before fees and expenses, correspond to a multiple of the daily performance of the price of bitcoin.

Overview

ETF tracking Valkyrie ETF Trust II CoinShares Bitcoin Leverage ETF

Category Leveraged

Issuer Other

Inception Date 2024-02-22

Market Cap $9.5M

Average Volume N/A

Dividend Yield N/A

52-Week Range $28.96 - $70.54

VWAP $37.03

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses derivatives, such as futures contracts, to gain leveraged exposure to bitcoin. By using leverage, the fund aims to amplify the returns of the underlying bitcoin price movements, both positive and negative.

✨ Key Features

Provides leveraged exposure to the price of bitcoin
Uses derivatives to achieve its leveraged investment objective
Resets its leverage daily, which can lead to compounding effects over time
Has a relatively high expense ratio compared to non-leveraged bitcoin ETFs

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for large tracking errors and deviations from the underlying bitcoin price
Risks associated with the use of derivatives, including counterparty risk
Volatility and unpredictability of the cryptocurrency market

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors who have a high risk appetite and are looking for potentially amplified exposure to the price movements of bitcoin. It is not recommended for conservative or long-term investors due to the significant risks involved.