Valkyrie Files to Offer Leveraged Bitcoin Futures ETF

One of the only companies with an investable bitcoin ETF is now attempting to lever up.

Oct 26, 2021 at 4:30 p.m. UTC
Updated Oct 26, 2021 at 5:09 p.m. UTC

Danny is CoinDesk's deputy business editor. He owns BTC, ETH and SOL.

Only days after launching one of the only bitcoin exchange-traded funds (ETF) to make it past U.S. regulators, Valkyrie Investments is trying to lever up.

The crypto investments firm filed on Tuesday to offer a 1.25x leveraged bitcoin futures ETF to U.S. investors, seemingly daring the SEC to loosen its grip on crypto investment opportunities.

BTFX would provide 1.25x exposure to the bitcoin reference rate, according to a tweet from Bloomberg Intelligence ETF analyst Eric Balchunas.

Whether, or when, “Valkyrie XBTO Levered BTC Futures ETF” ever makes it to Nasdaq is another question entirely. It took years for the SEC to allow a bitcoin ETF of any form to trade, and presently only basic bitcoin futures ETFs are live. The SEC has 75 days to respond to the Valkyrie filing.


The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Danny is CoinDesk's deputy business editor. He owns BTC, ETH and SOL.

CoinDesk - Unknown

Danny is CoinDesk's deputy business editor. He owns BTC, ETH and SOL.

Trending

1
CoinDesk - Unknown
More Downside Ahead for Bitcoin, Says Top Valkyrie Analyst

“It’s a marathon, not a sprint,” Josh Olszewicz, head of research at Valkyrie, said about bitcoin’s price recovery, on CoinDesk TV’s “First Mover” program.

“It’s a marathon, not a sprint,” Josh Olszewicz, head of research at Valkyrie, said about bitcoin’s price recovery, on CoinDesk TV’s “First Mover” program.

CoinDesk - Unknown
2
CoinDesk - Unknown
DeFi Trading Hub Uniswap Surpasses $1T in Lifetime Volume

Although traders still tend to favor centralized exchanges, the DEX is continuing to expand across Web 3.

Although traders still tend to favor centralized exchanges, the DEX is continuing to expand across Web 3.

CoinDesk - Unknown
3
CoinDesk - Unknown
Crypto Crime, Whiskey and Always Twirling, Twirling Towards Freedom

The best and brightest people can make truly stupid decisions and terrible predictions. What can we learn from them?

The best and brightest people can make truly stupid decisions and terrible predictions. What can we learn from them?

CoinDesk - Unknown
4
CoinDesk - Unknown
Bitcoin registra ocho semanas de pérdidas, pero el indicador de sentimiento sugiere un alza

Los indicadores de sentimiento tocaron fondo el lunes.

Los indicadores de sentimiento tocaron fondo el lunes.

CoinDesk - Unknown