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
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
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
Symbol
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Miscellaneous
Mutual fund
Bonds, Cash & Other100.00%
Miscellaneous86.10%
Mutual fund14.89%
Cash−0.99%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BTFX assets under management is 15.44 M USD. It's fallen 4.34% over the last month.
BTFX fund flows account for −33.25 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, BTFX doesn't pay dividends to its holders.
BTFX shares are issued by Coinshares International Ltd. under the brand CoinShares. The ETF was launched on Feb 21, 2024, and its management style is Passive.
BTFX expense ratio is 1.86% meaning you'd have to pay 1.86% of your investment to help manage the fund.
BTFX follows the S&P CME Bitcoin Futures Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BTFX invests in funds.
BTFX price has risen by 13.30% over the last month, and its yearly performance shows a 25.00% increase. See more dynamics on BTFX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 19.18% over the last month, showed a 27.61% increase in three-month performance and has decreased by −3.49% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 19.18% over the last month, showed a 27.61% increase in three-month performance and has decreased by −3.49% in a year.
BTFX trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.