March 29, 2024

Valkyrie Bitcoin Strategy ETF To Be Traded Under BTFD Ticker

Valkyrie Bitcoin Strategy ETF To Be Traded Under BTFD Ticker

Valkyrie changed its fund ticker from BTF to BTFD (buy the f*cking dip). The product is expected to become the second Bitcoin ETF onUS market.

Yesterday, October 19, the first day of trading in Bitcoin ETF futures from ProShares kicked off in the United States. The daily trading volume amounted to more than $ 1 billion, approximately $ 280 million fell in the first 20 minutes.

Valkyrie is expected to launch nextBitcoin ETF, it has already been added to Bloomberg Terminal. Valkyrie's exchange-traded fund will trade under the ticker symbol BTFD – abbreviation for Buy the f*cking Dip. 

According to CEO Valkyrie, Nasdaq has already adopted a new ticker, and the company is now awaiting a final decision from the SEC.

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Based on materialswww.bloomberg.com