The world’s largest crypto has come under pressure, trading at 1.79% down at $61,169 with a market cap of $1.156 trillion. Despite this, the general news and optimism around Bitcoin remain high. Valkyrie Investments has filed for a second Bitcoin futures ETF, dubbed the Valkyrie XBTO Levered BTC Futures ETF, which will trade under the ticker BTFX. The new fund will deliver leveraged returns at 1.25x on the Bitcoin reference point.
Leveraged Bitcoin Futures ETF
Valkyrie’s leverage Bitcoin futures ETF will list on Nasdaq and will be able to hold derivatives such as futures and options. The fund will be launched last week while launching the first Bitcoin Futures ETF, and Steven McClurg, chief investment officer at Valkyrie, said that the spot Bitcoin ETF approval might take some time, but there are creative ways to work around this. Eric Balchunas, an analyst with Bloomberg Intelligence, said, “I’m not shocked issuers are already onto leveraged products — this is what happens when you have a hit. What’s intriguing about this