CoinShares Bitcoin Futures Leveraged Strategy ETF
BTFX
NASDAQ Global Market- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- United States of America
- IPO Date
- Jan 22, 2024
- Similar Companies
- Business
- CoinShares Bitcoin Futures Leveraged Strategy ETF (BTFX) is an exchange-traded fund that seeks to provide daily investment results, before fees and expenses, corresponding to twice (2x) the daily performance of the S&P CME Bitcoin Futures Index Excess Return (BBG Ticker: SPBTCFUE) for a single day, not for any other period. The ETF, which trades on Nasdaq, invests primarily in cash-settled Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME), supplemented by cash, high-quality securities such as U.S. government bonds, money market funds, and short-term corporate debt as collateral; it does not invest directly in bitcoin and employs a Cayman Islands subsidiary for tax optimization and regulatory compliance. Launched on February 21, 2024, and advised by Valkyrie Funds LLC with Vident Asset Management as sub-advisor, BTFX operates within a regulated framework managed by CoinShares, a digital asset specialist founded in 2013 and headquartered in Jersey with offices in France, Stockholm, the UK, and the US. BTFX targets sophisticated investors seeking leveraged exposure to bitcoin futures volatility, including active traders and institutions interested in amplified daily returns from CME bitcoin futures without direct cryptocurrency ownership. The fund's key service providers include US Bancorp Fund Services LLC as administrator, U.S. Bank N.A. as custodian, and ALPS Distributors Inc. as distributor; its total expense ratio stands at 1.86%, with assets under management at approximately USD 14.95 million as of recent data. Significant recent developments include CoinShares' acquisition of Valkyrie Funds LLC in March 2024, which expanded its U.S. presence and led to the renaming of the ETF from Valkyrie Bitcoin Futures Leveraged Strategy ETF to CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF, followed by simplification to CoinShares Bitcoin Leverage ETF effective October 31, 2024, and further adjustment before July 15, 2025. This strategic integration leverages Valkyrie's infrastructure for thematic product innovation in the digital asset ETF space, complementing CoinShares' European leadership in crypto ETPs and its history as creator of the first regulated bitcoin hedge fund. No major new product launches, funding rounds, or additional acquisitions have been reported in the past year beyond these consolidations.