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BTFX

Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX)

$62.04

Delayed price

PASS

BUY Advisory
Profitable SELL
Loss-Inducing SELL

Profit
Loss
Pass (Skip investing)

Time period over

ALL
YEAR
MONTH
WEEK

Upturn Advisory Summary

01/21/2025: BTFX (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type ETF

Historic Profit 51.65%

Avg. Invested days 30

Today’s Advisory PASS

Upturn Star Rating

Upturn Advisory Performance

3.0

ETF Returns Performance

5.0

Profits based on simulation

Last Close 01/21/2025

Key Highlights

Volume (30-day avg) 38803	Beta -	52 Weeks Range 16.34 - 72.53	Updated Date 01/21/2025
52 Weeks Range 16.34 - 72.53	Updated Date 01/21/2025

AI Summary

ETF Valkyrie Bitcoin Futures Leveraged Strategy ETF Overview

Profile:

Focus: Invests in Bitcoin futures contracts (BTC) with exposure up to 125% (target) of the underlying asset
Asset Allocation: 100% in BTC futures contracts
Investment Strategy: Daily rolling long position in BTC futures contracts, seeks daily target exposure of 125%

Objective:

Provide investors with leveraged exposure to the daily price movements of Bitcoin

Issuer:

Valkyrie Funds LLC
Reputation: Experienced asset manager established in 2021 with a focus on digital assets and alternative investments
Management: Team led by Steven McClurg (CEO) with combined experience in traditional finance and digital assets

Market Share:

0.48% of the total assets under management for Bitcoin futures ETFs as of November 8, 2023

Total Net Assets:

$80 million (USD) as of November 8, 2023

Moat:

Leveraged exposure: Higher potential returns compared to non-leveraged Bitcoin ETFs
Experienced management: Team with relevant expertise in digital assets and finance
First-mover advantage in the US: One of the first Bitcoin futures ETFs available in the US market

Financial Performance:

Since inception (February 2023) BTF has outperformed BTC's spot price due to its leveraged exposure. Historical performance may not be indicative of future results.

Benchmark Comparison:

Outperformed Bitcoin index by 25.1% since inception (as of November 8, 2023)

Growth Trajectory:

Bitcoin market growth and increasing investor interest in Bitcoin futures could drive potential growth

Liquidity:

Average Trading Volume: $2.7 million (USD) as of November 8, 2023
Bid-Ask Spread: 0.95% as of November 8, 2023

Market Dynamics:

Positive: Increasing institutional adoption of Bitcoin, regulatory clarity for cryptocurrency derivatives
Negative: Market volatility, competition from other Bitcoin futures ETFs

Competitors:

ProShares Bitcoin Strategy ETF (BITO): 77.6% market share
VanEck Bitcoin Strategy ETF (XBTF): 8.6% market share
Teucrium Bitcoin Strategy ETF (BTF): 7.0% market share

Expense Ratio:

0.95% per year, inclusive of management fees and other operating expenses

Investment Approach and Strategy:

Strategy: Seeks to achieve returns that are 125% of the daily performance of the Bloomberg Galaxy Bitcoin Index
Composition: Holds Bitcoin futures contracts that expire on a quarterly basis

Key Points:

Offers leveraged exposure to Bitcoin price movements
Actively managed by experienced professionals
First-mover advantage in the US Bitcoin futures ETF market
Higher volatility and associated risks compared to non-leveraged ETFs

Risks:

Volatility: BTF's price can fluctuate more significantly than the underlying asset
Market Risk: Bitcoin market is subject to high波动 due to various factors
Counterparty Risk: ETF relies on the performance of futures contracts, which are obligations of third-party counterparties
Tracking Error Risk: Actual ETF returns may differ from the targeted 125% leverage

Who Should Consider Investing:

Experienced investors with high risk tolerance seeking leveraged exposure to Bitcoin
Investors with a positive outlook on the future of Bitcoin
Individuals comfortable with the unique risks associated with Bitcoin futures

Disclaimer:

This information is provided for educational purposes only and should not be considered investment advice. Always conduct your own due diligence before making any investment decisions.

Resources:

Valkyrie Funds Website: https://valkyrieinvestments.com/funds/btf/
TradingView: https://www.tradingview.com/symbols/US-BTF/
Yahoo Finance: https://finance.yahoo.com/quote/BTF/

Fundamental Rating Based on AI:

7.5 out of 10

Strengths:

Leveraged exposure with potential for higher returns
Experienced management team with relevant expertise
First-mover advantage in the US Bitcoin futures ETF market

Weaknesses:

High volatility and associated risks
Market risk linked to the underlying asset
Limited operational history

Overall: BTF offers investors a unique opportunity to access leveraged exposure to Bitcoin futures contra ct with the potential for attractive returns. However, the associated risks are equally significant, requiring careful consideration and due diligence.

About Valkyrie Bitcoin Futures Leveraged Strategy ETF

Exchange NASDAQ	Headquaters -
IPO Launch date -	CEO -
Sector -	Industry -	Full time employees -	Website
Full time employees -	Website

The fund is an ETF that seeks to achieve its investment objective by investing its assets primarily in cash-settled Bitcoin Futures Contracts that trade only on an exchange registered with the Commodity Futures Trading Commission which currently is the Chicago Mercantile Exchange, and cash, cash-like instruments or high-quality securities that serve as collateral to the fund"s investments in Bitcoin Futures Contracts. The fund is non-diversified.

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Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.