Valkyrie Bitcoin And Ether Strategy ETF (BTF) USD Price

The Valkyrie Bitcoin and Ether Strategy ETF (BTF), managed by Valkyrie Funds, is a futures ETF with an inception date of October 21, 2021. Unlike spot ETFs, which directly hold the underlying assets (in this case, Bitcoin and Ether), a futures ETF invests in Bitcoin and Ether futures contracts. BTF added Ethereum futures to the fund in September 2023, seeking to provide investors with exposure to both Ethereum and Bitcoin under one ticker. BTF charges an annual management fee of 1.24%.

Valkyrie is a financial services firm specializing in the digital asset sector, offering a range of investment products and services designed to facilitate access to cryptocurrency markets. Established to bridge the gap between traditional finance and the emerging digital asset ecosystem, Valkyrie focuses on creating innovative solutions that cater to both institutional and individual investors.

The company's core business activities include the management of ETFs, trusts, and other investment vehicles that provide exposure to digital assets such as Bitcoin and Ethereum. Valkyrie's investment products are structured to meet the stringent regulatory standards of financial markets, ensuring compliance and transparency in its operations.

Valkyrie plays a significant role within the digital asset ecosystem by contributing to the maturation and adoption of cryptocurrency investments. By offering regulated financial products, the company helps demystify digital assets for mainstream investors, fostering greater acceptance and integration of blockchain technology into traditional financial portfolios.