Why invest in BTF?
Leading digital asset exposure
Bitcoin and Ethereum are leaders in their respective fields — Bitcoin in digital currency and Ethereum in smart contract platforms. By focusing on the two largest digital assets by market capitalization, BTF offers exposure to the forefront of blockchain technology and its applications.
Regulated and accessible
As a Nasdaq-listed ETF, BTF offers a secure and regulated pathway to invest in the evolving digital asset space, making it accessible for both individual and institutional investors.
Active futures exposure
BTF primarily invests in bitcoin futures and ether futures contracts, with the remainder of the fund's assets being held in high-quality securities, such as U.S. Treasuries and corporate bonds.
Product Identity
- Ticker
- ISIN
Key Information
Documents Available
- Prospectus
- SAI
- Factsheet
- Annual Report
- Investment Schedule
- Proxy Voting Record
BTF Investment Objective
BTF ("The Fund") is an actively managed exchange-traded fund available on Nasdaq. The primary objective of the fund is to invest in bitcoin futures and ether futures contracts. For liquidity and collateral purposes, the remainder of the Fund will be held in cash or high quality securities like U.S. Treasuries and corporate bonds. The Fund will not provide direct exposure to the price of bitcoin or ether.
BTF Holdings
Last update:WGMI holds the following assets:
| Product name | Ticker | Shares | MarketValue |
BTF Performance
Premium/Discount
Key risks
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. All results are historical and assume the reinvestment of dividends and capital gains. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Any applicable brokerage fees and commissions will reduce returns. Read our full disclosure
Key service providers
| Administrator | US Bancorp Fund Services LLC |
| Distributor | ALPS Distributors, Inc |
| Custodian | U.S. Bank, N.A. |
| Advisor | Valkyrie Funds LLC |
| SubAdvisor | Vident Asset Management |
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Buy BTF through your favourite broker
CoinShares Valkyrie ETFs are available through various channels. Reach out to your Financial Advisor for more information.
CoinShares Valkyrie, CoinShares Co. and CoinShares Valkyrie ETFs are not affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement. Neither ALPS Distributors Inc. or Paralel Distributors LLC are affiliated with any of the companies listed above.
People Also Ask
FAQWhat is the primary investment focus of BTF?
BTF primarily invests in futures contracts of Bitcoin and Ether, aiming to capture the growth and price movements of these cryptocurrencies through regulated financial instruments.
Does BTF provide direct exposure to Bitcoin and Ether?
No, BTF does not provide direct exposure to the cryptocurrencies themselves. Instead, it invests in futures contracts related to Bitcoin and Ether, offering exposure through financial derivatives.
What else does the fund invest in besides futures contracts?
Besides Bitcoin and Ether futures, BTF holds a portion of its assets in liquid, high-quality securities such as U.S. Treasuries and corporate bonds to ensure liquidity and manage risk.
How does BTF fit into an investment portfolio?
BTF can be used as a tool for investors looking to diversify their portfolios by adding exposure to cryptocurrency markets, which can offer dynamic returns in a context of increased fiscal and monetary policy shifts.
Disclosures & Risks
Investing involves significant risks. The loss of principal is possible. The Fund’s investment objectives, risks, charges and expenses should be considered before investing. The Fund may not be suitable for all investors. The Fund’s prospectus contains this and other important information and can be found at this link: https://coinshares.com/en/d/etf/prospectus/btf/. Read it carefully before investing.
Investors seeking direct exposure to the price of bitcoin should consider another investment other than the Fund. The Fund is classified as “non-diversified” under the Investment Company Act of 1940 (the “1940 Act”).
Bitcoin, ether and bitcoin futures and ether futures contracts are relatively new asset classes and are subject to unique and substantial risks, including the risk that the value of the Fund’s investments could decline rapidly, including to zero. Bitcoin, ether and bitcoin futures and ether futures contracts have historically been more volatile than traditional asset classes. You should be prepared to lose your entire investment.Market Risk. The prices of bitcoin, ether and bitcoin futures and ether futures contracts have historically been highly volatile. The value of the Fund’s investments in bitcoin futures and ether futures contracts and other instruments that provide exposure to bitcoin, ether and bitcoin futures and ether futures contracts – and therefore the value of an investment in the Fund – could decline significantly and without warning, including to zero. The value of ether and bitcoin has been, and may continue to be, substantially dependent on speculation, such that trading and investing in these crypto assets generally may not be based on fundamental analysis. In addition, the price of bitcoin and ether has been highly correlated, even during periods of volatility, with ether tending to exhibit more pronounced rises and falls. If you are not prepared to accept significant and unexpected changes in the value of the Fund and the possibility that you could lose your entire investment in the Fund you should not invest in the Fund. The price and performance of cryptocurrency futures and cryptocurrency-linked instruments or assets should be expected to differ from the current “spot” prices (the prices at which the cryptocurrency can be purchased immediately) of those same currencies. These differences could be significant. Cryptocurrency futures are subject to costs, margin requirements, collateral requirements, and other limits that may negatively impact their performance or the performance of an investment vehicle which utilizes them. Cryptocurrencies are largely unregulated and cryptocurrency-linked investments may be more susceptible to fraud and manipulation than more regulated investments. Cryptocurrencies and cryptocurrency futures are subject to rapid price swings including as a result of actions and statements by influencers and the media, changes in the supply and demand for the cryptocurrency or their futures, and other factors. If a fund’s ability to obtain exposure to cryptocurrency-linked investments consistent with their investment objectives is disrupted for any reason, including as a result of a lack of liquidity, volatility, or a disruption in the cryptocurrency or cryptocurrency futures market, or as a result of margin requirements, position limits, or other conditions, factors, or limitations of a particular fund, the fund may not be able to achieve its investment objective and may experience significant losses. Cryptocurrencies are subject to unique and substantial risks, including significant price volatility and lack of liquidity. The value of a cryptocurrency may decline significantly without warning, including to zero. Cryptocurrencies are largely unregulated and cryptocurrency-linked investments may be more susceptible to fraud and manipulation than more regulated investments. If a fund’s ability to obtain exposure to cryptocurrency-linked investments consistent with their investment objectives is disrupted for any reason, including as a result of a lack of liquidity, volatility, or a disruption in the cryptocurrency or cryptocurrency futures market, or as a result of margin requirements, position limits, or other conditions, factors, or limitations of a particular fund, the fund may not be able to achieve its investment objective and may experience significant losses.
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