CryptoMediaClub
Tuesday, July 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Valkyrie Leveraged Bitcoin Futures ETF gets inspiration from TradFi memes

17.05.2023
A A
0
127
VIEWS
ShareShare

In its latest futures-based exchange-traded fund (ETF) filing, Valkyrie Funds utilizes one of the popular memes from the financial Twitter community, known as “fintwit,” to capture attention and interest.

On May 16, the investment firm submitted a new application for a Bitcoin (BTC) futures-based ETF to be listed on the Nasdaq with the ticker symbol “BTFD.“

Both of Valkyrie’s Bitcoin-centric funds do not have direct exposure to Bitcoin itself; instead, they invest in Bitcoin futures traded on the Chicago Mercantile Exchange. Bitcoin futures are financial contracts that allow investors to speculate on the future price movements of Bitcoin. These contracts obligate the buyer to purchase or the seller to sell Bitcoin at a predetermined price on a specific future date. Unlike trading Bitcoin — which involves owning and holding the digital asset itself — Bitcoin futures enable traders to speculate on the price of Bitcoin without directly owning it.

Initially intended for the first fund, the suggestive ticker was reportedly modified by the firm in October 2021.

In contrast to the firm’s existing block trading facility (BTF) fund, this newly proposed fund will offer leverage, allowing speculators to increase their exposure to the dominant cryptocurrency. A BTF is an actively managed ETF available through Nasdaq that invests primarily in Bitcoin futures contracts.

Up to this point, the market has witnessed the introduction of four distinct Bitcoin futures-based ETFs. The first, ProShares Bitcoin Futures ETF, was launched in October 2021.

Thus far, the United States Securities and Exchange Commission (SEC) has denied several attempts to introduce Bitcoin spot ETFs or funds that provide direct exposure to the dominant cryptocurrency, citing concerns regarding potential market manipulation in the Bitcoin market.

Related: Breaking: Court victory for Ripple as judge denies SEC motion to seal Hinman docs

Digital asset manager Grayscale is currently involved in a prolonged legal dispute with the SEC as it seeks to transform its struggling Grayscale Bitcoin Trust into a Bitcoin spot ETF. The investment firm criticized the SEC’s decision to authorize futures-based ETFs instead of spot ETFs, deeming it “illogical.“

In March, the judges presiding over the dispute between the two entities in the U.S. Court of Appeals for the District of Columbia Circuit expressed the view that the SEC “must provide a thorough explanation” regarding its understanding of the connection between Bitcoin futures and the spot price of Bitcoin.

Magazine: Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?

Share10Tweet6ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post
Will Tezos (XTZ) Hit $2 This Week?

Will Tezos (XTZ) Hit $2 This Week?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Twitter Payments Dives Deep into Bitcoin: Rhode Island Gives the Green Light

Twitter Payments Dives Deep into Bitcoin: Rhode Island Gives the Green Light

2 years ago
Coinbase Calls on US Regulators to Allow Banks to Present Crypto Companies

Coinbase Calls on US Regulators to Allow Banks to Present Crypto Companies

6 months ago
Jupiter Token Plunges 12% as LIBRA Controversy Rocks the Solana Ecosystem

Jupiter Token Plunges 12% as LIBRA Controversy Rocks the Solana Ecosystem

5 months ago
Germany Government Maintains Active Bitcoin Transfer Strategy, Holdings Deplete

Germany Government Maintains Active Bitcoin Transfer Strategy, Holdings Deplete

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Global stablecoin searches hit all-time high with Washington leading traffic

PayPal Expands Crypto Payment Acceptance in U.S.

US Seeks to Claim $2.4M Bitcoin Seized from Chaos Ransomware Group

Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury

Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak

Interactive Brokers Mulls Stablecoin Launch to Serve Users

Trending

The Future of Bitcoin BTC Income: EarnMining App Offers Stable Daily Rewards
All news

The Future of Bitcoin BTC Income: EarnMining App Offers Stable Daily Rewards

29.07.2025
0

EarnMining, a fast-growing name in digital finance, has officially launched a new BTC-based mobile earning app that...

93% of Financial Institutions Plan to Implement AI Agents in Compliance

93% of Financial Institutions Plan to Implement AI Agents in Compliance

29.07.2025
Major Breach Study Reveals Widespread Leaks of Bank Statements, SSNs, and Crypto Keys

Major Breach Study Reveals Widespread Leaks of Bank Statements, SSNs, and Crypto Keys

29.07.2025
Global stablecoin searches hit all-time high with Washington leading traffic

Global stablecoin searches hit all-time high with Washington leading traffic

29.07.2025

PayPal Expands Crypto Payment Acceptance in U.S.

29.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz