American exchanges are closing this week with two bitcoin futures contracts exchange-traded funds (ETFs), first by ProShares and then by Valkyrie Funds.
Nashville-based Valkyrie Funds $BTF encoded The exchange-traded fund started trading on the Nasdaq as of today.
The Fund is funded through a subsidiary established in accordance with the laws of the Cayman Islands. “to a standardized, cash-settled bitcoin futures contract” will invest.
Valkyrie Funds’ exchange-traded fund follows the ProShares Bitcoin Strategy ETF ($BITO), which started trading on the NYSE on Tuesday and is the first US bitcoin-linked exchange-traded fund. ProShares’ fund represents the total value of the assets under its management. 1 billion dollars It became the fastest growing fund of the last 18 years in terms of
Valkyrie’s CEO, Leah Wald, said that the fund to be established is for crypto money. “a big step” saying that it is “With[this fund]investors will be able to enter the digital asset markets through a regulated and transparent product that is traded on a trusted exchange.” made a statement.
The cryptocurrencies of emerging bitcoin exchange-traded funds, Mike McGlone, an analyst at Bloomberg Intelligence, in his analysis on Friday. “May You Ripe” and in terms of price positive; in terms of volatility negative He said it could have effects.
BTF, which will invest in bitcoin futures on the CME, will sell these as the contracts it invests approach their maturity. due at a later date be able to replace (rolling) with similar contracts.
Valkyrie’s fund will enter the stock market with $5 million in assets under management.