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BTF
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Valkyrie Bitcoin Strategy ETF (BTF)

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$14.25
Last Close (24-hour delay)
Profit since last BUY0%
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Upturn Advisory Summary

07/10/2025: BTF (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

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

Analysis of Past Performance

Type ETF
Historic Profit -8.02%
Avg. Invested days 5
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
ETF Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/10/2025

Key Highlights

Volume (30-day avg) -
Beta -
52 Weeks Range 8.53 - 26.25
Updated Date 06/29/2025
52 Weeks Range 8.53 - 26.25
Updated Date 06/29/2025

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Valkyrie Bitcoin Strategy ETF

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ETF Overview

overview logo Overview

The Valkyrie Bitcoin Strategy ETF (BTF) seeks capital appreciation by investing primarily in bitcoin futures contracts. The ETF does not invest directly in Bitcoin. It offers exposure to the price movements of Bitcoin without directly holding the cryptocurrency.

reliability logo Reputation and Reliability

Valkyrie Funds is a relatively new asset manager specializing in digital asset investment products. Their reputation is still developing, but they are focused on providing access to the cryptocurrency market through traditional investment vehicles.

reliability logo Management Expertise

Valkyrie's management team comprises experienced professionals in finance and cryptocurrency, aiming to bridge the gap between traditional finance and digital assets.

Investment Objective

overview logo Goal

To seek capital appreciation by investing primarily in bitcoin futures contracts.

Investment Approach and Strategy

Strategy: The ETF actively manages its portfolio by investing primarily in cash-settled bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME).

Composition The ETF primarily holds bitcoin futures contracts, cash, and other money market instruments.

Market Position

Market Share: Unavailable. Market share of the bitcoin futures ETF market can vary greatly and rapidly.

Total Net Assets (AUM): 18260000

Competitors

overview logo Key Competitors

  • ProShares Bitcoin Strategy ETF (BITO)
  • VanEck Bitcoin Strategy ETF (XBTF)

Competitive Landscape

The Bitcoin futures ETF market is dominated by BITO, offering high liquidity. BTF has a smaller market share; XBTF competes on lower expense ratios, but the futures-based strategy has significant tracking errors compared to spot Bitcoin. The competitive advantage shifts quickly with evolving regulations and investment product innovation.

Financial Performance

Historical Performance: Past performance is not indicative of future results. As a Bitcoin futures ETF, performance is influenced by Bitcoin price fluctuations and contango effects of futures contracts.

Benchmark Comparison: The ETF's performance should be compared to the price of Bitcoin and the performance of Bitcoin futures contracts. There may be tracking error.

Expense Ratio: 0.95

Liquidity

Average Trading Volume

The average trading volume of BTF is moderate, but generally sufficient for investors.

Bid-Ask Spread

The bid-ask spread of BTF is generally wider than more liquid ETFs, and it can impact the cost of trading.

Market Dynamics

Market Environment Factors

Bitcoin's price is sensitive to regulatory changes, technological advancements, macroeconomic factors, and market sentiment. These factors indirectly impact the ETF's performance.

Growth Trajectory

The growth trajectory of BTF is tied to the broader adoption and acceptance of Bitcoin as an investment asset. Its strategy may change based on futures market dynamics and regulatory updates.

Moat and Competitive Advantages

Competitive Edge

BTF's competitive advantage lies in its brand recognition within the cryptocurrency space and its established platform for offering digital asset products. The management team has a deep understanding of both the cryptocurrency market and the regulatory landscape. Valkyrie differentiates itself by offering educational resources and actively engaging with the crypto community. However, its expense ratio is higher than some competitors, which could be a disadvantage. Ultimately, investor preference hinges on brand trust and the perceived expertise of Valkyrie in managing Bitcoin futures.

Risk Analysis

Volatility

BTF is expected to exhibit high volatility due to the inherent volatility of Bitcoin and the leveraged nature of futures contracts.

Market Risk

The ETF is subject to market risk associated with Bitcoin price fluctuations, regulatory uncertainty, and potential changes in investor sentiment towards cryptocurrencies.

Investor Profile

Ideal Investor Profile

The ideal investor is risk-tolerant, has a high understanding of Bitcoin futures, and seeks exposure to Bitcoin price movements without directly holding the cryptocurrency. Investors should also be aware of the potential for contango and other futures-related effects.

Market Risk

This ETF is suitable for active traders and investors with a high-risk tolerance. It is not suitable for conservative, long-term investors.

Summary

The Valkyrie Bitcoin Strategy ETF (BTF) offers a way to gain exposure to Bitcoin price movements through futures contracts traded on the CME. While it provides an avenue for accessing Bitcoin exposure within a traditional investment account, it carries substantial risks due to the volatility of Bitcoin and the complexities of futures markets. Its performance will be affected by Bitcoin price changes and potential contango. Investors should carefully assess their risk tolerance and understand futures dynamics before investing. The ETF's expense ratio is higher than some of its competitors.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Valkyrie Funds Website
  • SEC Filings
  • CME Group Website
  • Third-party ETF data providers

Disclaimers:

The information provided is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Investing in ETFs involves risk, including the potential loss of principal. Consult with a qualified financial advisor before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Valkyrie Bitcoin Strategy ETF

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

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.