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Valkyrie Bitcoin Strategy ETF (BTF)BTF
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
08/07/2024: BTF (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 18.55% | Upturn Advisory Performance  2 | Avg. Invested days: 30 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 08/07/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 18.55% | Avg. Invested days: 30 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 08/07/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 49291 | Beta - |
52 Weeks Range 8.34 - 23.01 | Updated Date 09/19/2024 |
52 Weeks Range 8.34 - 23.01 | Updated Date 09/19/2024 |
AI Summarization
ETF Valkyrie Bitcoin Strategy ETF (BTF)
Profile: Valkyrie Bitcoin Strategy ETF is actively managed and seeks to achieve long-term capital appreciation by investing primarily in Bitcoin futures contracts rather than directly investing in Bitcoin.
Objective: The ETF's primary investment objective is to maximize the total return of the portfolio, consisting primarily of Bitcoin futures contracts.
Issuer: Valkyrie Funds, LLC launched BTF in June 2021, making it the first actively managed Bitcoin futures ETF.
Reputation and Reliability: Valkyrie Funds, founded by Leah Wald, has a relatively short track record in the market. However, the company boasts expertise in digital asset investments, attracting significant trust from investors.
Management: Valkyrie's portfolio management team comprises experienced individuals with expertise in asset management, quantitative strategies, and traditional financial markets.
Market Share: BTF holds a relatively small market share in the Bitcoin futures ETF space, trailing behind larger players like ProShares Bitcoin Strategy ETF (BITO).
Total Net Assets: As of November 8th, 2023, BTF has approximately $25 million in total net assets.
Moat: BTF's active management approach could potentially provide a competitive advantage over passively managed Bitcoin futures ETFs.
Financial Performance: The ETF's historical performance data shows significant volatility, mirroring the nature of the underlying asset.
Benchmark Comparison: BTF has generally tracked the price movements of Bitcoin futures, with some deviations due to its active management strategy.
Growth Trajectory: The ETF's future growth prospects are highly dependent on the overall adoption and price performance of Bitcoin.
Liquidity: BTF's average daily trading volume is moderate, indicating decent liquidity. The bid-ask spread is also relatively tight.
Market Dynamics: Factors like regulatory changes, macroeconomic conditions, and investor sentiment significantly affect BTF's market environment.
Competitors: ProShares Bitcoin Strategy ETF (BITO), VanEck Bitcoin Strategy ETF (XBTF), and Galaxy Bitcoin ETF (BTCG) are key competitors.
Expense Ratio: The ETF's expense ratio is 0.95%, which is higher than some of its passively managed competitors.
Investment approach and strategy: BTF primarily invests in Bitcoin futures contracts traded on regulated exchanges like the Chicago Mercantile Exchange. The portfolio manager actively chooses contracts with different maturities to achieve the fund's investment objective.
Key Points:
- Actively managed Bitcoin futures ETF
- Aims for long-term capital appreciation
- Relatively small market share
- Moderate liquidity
- Higher expense ratio compared to some competitors
Risks:
- High volatility associated with Bitcoin
- Regulatory risks in the cryptocurrency market
- Counterparty risk associated with futures contracts
- Potential for losses due to inaccurate predictions of Bitcoin price movements
Who Should Consider Investing: BTF is suitable for investors with a high-risk tolerance and strong belief in Bitcoin's long-term potential.
Fundamental Rating Based on AI: Based on an analysis of the ETF's financial health, market position, and future prospects, an AI-based rating system assigns BTF a score of 7.5 out of 10. This score reflects the ETF's potential for long-term growth and its active management strategy, but also acknowledges the risks associated with its focus on Bitcoin futures and the competitive landscape.
Resources:
- Valkyrie Funds website: https://valkyrieinvest.com/
- ETF.com: https://www.etf.com/etf-profile/BTF
- Yahoo Finance: https://finance.yahoo.com/quote/BTF/
Disclaimer: This analysis is based on information available as of November 8th, 2023, and should not be considered financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Valkyrie Bitcoin Strategy ETF
The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing all or substantially all of its assets in exchange-traded futures contracts on bitcoin and ether (collectively, "Bitcoin and Ether Futures Contracts") and "Collateral Investments. It is non-diversified.
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