Valkyrie’s BTF Trades $10m in First 5 Minutes

Valkyrie’s BTF Trades $10m in First 5 Minutes

Valkyrie’s BTF Trades $10m in First 5 Minutes
Investors weigh options after Valkyrie’s futures-based bitcoin ETF launched Friday, three days after ProShares’ product.

Valkyrie’s BTF made its Nasdaq debut Friday as the second futures-based ETF available in the US
Contango and roll costs, a major concern for many analysts, are not going to be a problem, Valkyrie CIO said
Three days after the ProShares Bitcoin Strategy Fund’s historic debut, Valkyrie Investments has brought the second fund of its kind to market.

“If you look at our filing date, our 75-day period actually doesn’t end until Sunday, so we were able to jump in a little bit earlier,” said Steven McClurg, chief investment officer at Valkyrie. “We were ready to go last Friday, we just kept getting a comment here or a comment there, really, really minor stuff.”

Blockworks

▶️ 3Speak