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Valkyrie Bitcoin futures-linked ETF launches on Nasdaq, with share prices dropping 3% in first hour
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The second Bitcoin (BTC) futures-linked exchange-traded fund in the United States began trading on the Nasdaq, opening at a price of $25.52 per share.
According to the Nasdaq, digital asset manager Valkyrie’s Bitcoin Strategy ETF, the second exchange-traded fund allowing U.S. investors direct exposure to cryptocurrency futures, opened at a price of $25.52 per share of BTF before dropping 3.3% to reach $24.66 at the time of publication. The exchange-traded fund is aimed at tracking the value of BTC futures listed on the Chicago Mercantile Exchange, or CME.
"This Bitcoin Strategy ETF is a major leap forward for this asset class," said Valkyrie CEO Leah Wald. "It enables investors to participate in the digital asset markets through a regulated,
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