Cryptocurrencies
Valkyrie Files Application for Leveraged Bitcoin Futures ETF
- It’s ‘like Diet Coke -- it’s really minor,’ says Balchunas
- Filing follows successful debuts of two Bitcoin futures ETFs
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One of the companies that launched a futures-based Bitcoin ETF is looking to debut another -- with amped-up returns.
Valkyrie, which was second to market with a futures-based Bitcoin fund, on Tuesday filed an application with the U.S. Securities and Exchange Commission to launch the Valkyrie XBTO Levered BTC Futures ETF, which would trade under the ticker BTFX. The fund would juice returns by delivering 1.25 times the reference price of Bitcoin, according to a filing. It would list on Nasdaq and would be able to hold derivatives such as futures and options.