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CoinShares Bitcoin Leverage ETF

The Fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P CME Bitcoin Futures Excess Return Index. The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.

ASSETS UNDER MANAGEMENT (US$)
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14,523,591
NAV (US$)
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54.81
1Day NAV Change
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-10.11%
# of Holdings
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3
ASSETS UNDER MANAGEMENT (US$)
Info circle icon
14,523,591
NAV (US$)
Info circle icon
54.81
1Day NAV Change
Info circle icon
-10.11%
# of Holdings
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3
  • 01 – Product
  • 02 – Fund Summary
  • 03 – Performance
  • 04 – Details
01Product

Why invest in BTFX?

Daily 2x Leveraged Exposure

BTFX offers leveraged exposure, specifically aiming to deliver twice the daily performance (not the performance of any other period) of the S&P CME Bitcoin Futures Index Excess Return. This provides investors with a potent tool for capitalizing on daily market movements of Bitcoin futures.

Regulated and Accessible

As a traditional ETF structured within a regulated framework, BTFX allows investors to gain daily leveraged exposure to Bitcoin futures markets through a conventional and familiar investment product, traded on Nasdaq.

Managed by specialists

Actively managed since 2014 by a team with hybrid expertise in traditional and digital assets. Supported by CoinShares, creators of the first regulated bitcoin hedge fund and Europe's leading crypto ETP platform.

Product Identity

  • Product name
  • Ticker
  • ISIN
  • CUSIP

Key Information

Data as of 08/25/2025
  • Inception date02/21/2024
  • Total Expense Ratio1.86%
  • AuMUSD 14,523,590.84
  • NAVUSD 54.81
  • NAV changeUSD -6.17
  • Market PriceUSD 54.82
  • Premium/Discount Percentage0.03%
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Documents Available

– 02 FUND SUMMARY

BTFX Investment Objective

BTFX seeks to provide daily investment results, before fees and expenses, that correspond generally to twice the performance of the S&P CME Bitcoin Futures Index Excess Return (BBG Ticker: SPBTCFUE) for a single day, not for any other period. The fund does not invest directly in bitcoin. Instead, the Fund seeks to benefit from increases in the price of Bitcoin Futures Contracts for a single day.

The S&P CME Bitcoin Futures Index measures the performance of the front-month Bitcoin Futures Contract trading on the CME. The Index is constructed from futures contracts and includes a provision for the replacement of the Index futures contracts as the contracts approach maturity.

BTFX Holdings

Data as of: 08/26/2025

BTFX holds the following assets:

CME Bitcoin Fut Aug25BTCQ5 Curncy5228,836,600
Cash & OtherCash&Other12,134,633.5212,134,633.52
First American Treasury Obligations Fund 01/01/2040FXFXX2,389,571.72,389,571.7

BTFX Performance

03 PERFORMANCE
Apr '24Jun '24Aug '24Oct '24Nov '24Jan '25Mar '25May '25Jul '25−50 %0 %50 %100 %150 %200 %−50 %0 %50 %100 %150 %200 %

Quarter End Performance (as of 06/30/2025)

1Y
3Y
5Y
Since inception
BTFX NAV
84.42%
-
-
111.32%
BTFX MKT
84.16%
-
-
111.04%

Premium/Discount

Apr '24Jun '24Aug '24Oct '24Nov '24Jan '25Mar '25May '25Jul '25−2−101234−2−101234
Ex-date
2024
Q1 2025
Q2 2025
Days Traded at NAV
2
0
0
Days Traded at Premium
81
34
21
Days Traded at Discount
72
27
41

Distributions

2025
Ex-date
Record date
Pay date
Dividend
Long-term capital gain
Short-term capital gain
Return of capital
12/17/2025
12/17/2025
12/18/2025
09/18/2025
09/18/2025
09/19/2025
06/17/2025
06/17/2025
06/18/2025
0
0
0
0
03/19/2025
03/19/2025
03/20/2025
0
0
0
0

For more information on dividend distributions, please see our frequently asked questions.

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 Trust. Any applicable brokerage fees and commissions will reduce returns. Read our full disclosure

04Details

Key service providers

AdministratorUS Bancorp Fund Services LLC
DistributorALPS Distributors, Inc
CustodianU.S. Bank, N.A.
AdvisorValkyrie Funds LLC
Sub AdvisorVident Asset Management

Buy

Buy BTFX through your favourite broker

CoinShares ETFs are available through various channels. Reach out to your Financial Advisor for more information.

CoinShares, CoinShares Co. and CoinShares 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

FAQ

What does BTFX aim to achieve?

BTFX seeks to provide daily investment results, before fees and expenses, that correspond to twice (2x) the daily performance of the S&P CME Bitcoin Futures Index Excess Return for a single day.

Does BTFX invest directly in Bitcoin?

No, BTFX does not invest directly in Bitcoin. It invests in Bitcoin Futures Contracts that are settled in cash and aims to benefit from daily price increases of these contracts.

Where do the Bitcoin Futures Contracts in BTFX trade?

The Bitcoin Futures Contracts invested by BTFX trade on the Chicago Mercantile Exchange (CME), which is registered with the Commodity Futures Trading Commission (CFTC).

How does the fund manage its investments?

The fund primarily invests in cash-settled Bitcoin Futures Contracts and cash or high-quality securities as collateral. Investments are managed through a subsidiary to optimize tax treatment and compliance with regulatory frameworks.

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/btfx/. Read it carefully before investing.​​​

  • Leverage Risk. The Fund presents different risks than other types of funds. The Fund is not suitable for all investors and should be used only by knowledgeable investors who understand the consequences of seeking daily leveraged (2x) investment results, including the impact of compounding on Fund performance. The Fund is intended to be used as a short-term trading vehicle. Investors in the Fund should actively manage and monitor their investments, as frequently as daily. The Fund is not intended to be used by, and is not appropriate for, investors who do not actively monitor and manage their portfolio. An investor in the Fund could potentially lose the full value of their investment within a single day. The Fund does not invest directly in Bitcoin. Instead, the Fund seeks to benefit from increases in the price of Bitcoin futures contracts for a single day.

  • Daily Rebalancing Risk. Daily rebalancing and the compounding of each day’s return over time means that the return of the Fund for a period longer than a single day will be the result of each day’s returns compounded over the period. This will very likely differ in amount, and possibly even direction, from twice the return of the Index for the same period. The Fund will lose money if the Index’s performance is flat over time. The Fund can lose money regardless of the performance of the Index, as a result of daily rebalancing, the Index’s volatility, compounding of each day’s return and other factors.

  • Volatility Risk. Bitcoin and Bitcoin futures are a relatively new asset class. They are subject to unique and substantial risks, and historically, have been subject to significant price volatility. The value of an investment in the Fund could decline significantly and without warning, including to zero. You should be prepared to lose your entire investment. The shares in the Fund will change in value, and you could lose money by investing in the Fund. The Fund may not achieve its investment objective.

  • Market Risk. The prices of Bitcoin and Bitcoin futures have historically been highly volatile. The value of the Fund’s investments in Bitcoin futures and other instruments that provide exposure to Bitcoin and Bitcoin futures – and therefore the value of an investment in the Fund – could decline significantly and without warning, including to zero. 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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Last update: Aug 26, 15:10 UTC
Source: US Bank
Last update: Aug 26, 15:10 UTC
Source: US Bank
Last update: Aug 26, 15:10 UTC
Source: US Bank
Source: US Bank
Last update: Aug 26, 15:10 UTC
Source: US Bank
Last update: Aug 26, 15:10 UTC
Source: US Bank
Last update: Aug 26, 15:10 UTC
Source: US Bank
Source: US Bank
The difference between the fund's closing price and its reported Net Asset Value (NAV) is shown as a percentage of the NAV. If the fund's closing price exceeds the NAV, it's described as trading at a "premium," represented by a positive percentage. Conversely, if the closing price is below the NAV, the fund is considered to be trading at a "discount," indicated by a negative percentage