Key stats
About CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF
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Inception date
Feb 21, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Valkyrie Funds LLC
Distributor
Alps Distributors, Inc.
BTFX aims to enhance returns by leveraging cash-settled Bitcoin futures contracts seeking 2x the index performance return. This approach allows tracking of Bitcoins price shifts without direct ownership of the digital asset. Additionally, the fund may invest in other Bitcoin Futures ETFs and Bitcoin-linked ETPs, striking a balance between risks and opportunities within the digital assets space. The fund strategically diversifies across a range of high-quality securities, including US government bonds, money market funds, and premium corporate debt securities to manage risk. Notably, BTFX ensures compliance with regulatory standards through its Cayman Islands Subsidiary. To comply with RIC requirements, BTFX will invest in reverse repurchase agreements. Thorough due diligence on cryptocurrency investment risks is essential before considering investment in the fund. Effective Oct. 31, 2024, due to an acquisition, BTFX incorporated CoinShares in its name.
Classification
What's in the fund
Exposure type
Futures
Mutual fund
Bonds, Cash & Other100.00%
Futures86.96%
Mutual fund13.52%
Cash−0.48%
Displays a symbol's price movements over previous years to identify recurring trends.