KabukiPassion
Sun Jun 23 2024
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6 answers
586
What is the Valkyrie bitcoin futures leveraged strategy ETF (btfx)?
Could you elaborate on the Valkyrie Bitcoin Futures Leveraged Strategy ETF, or BTFX? This financial instrument appears to offer investors exposure to Bitcoin's price movements with the added feature of two-times leverage. Specifically, how does it work? Does it aim to deliver twice the daily returns of the CME Bitcoin Futures Index, net of fees and expenses? Furthermore, how does Valkyrie manage the risks associated with such a leveraged strategy, and what are the potential implications for investors? Understanding the intricacies of this ETF is crucial for those considering adding it to their portfolios.
