Asset management firm Valkyrie filed an application to a US regulator to launch a leveraged bitcoin futures ETF with an interesting ticker symbol.
The Valkyrie Bitcoin Futures Leveraged Strategy ETF, with the ticker symbol BTFD, would not invest directly in bitcoin, and instead seeks to benefit from increases in the price of bitcoin futures contracts, according to a document on Monday filed with the Securities and Exchange Commission. …
Read More: Valkyrie Goes for a Leveraged Bitcoin Futures ETF Dubbed ‘BUFD’ in Regulatory Filing