The Valkyrie Bitcoin ETF is an exchange traded fund that will track the price of Bitcoin. The fund is sponsored by Valkyrie Investments, a New York-based investment firm.
The ETF will be listed on the Cboe BZX Exchange and will trade under the ticker “BTCE.”.
The Valkyrie Bitcoin ETF will be the first of its kind in the United States. Currently, there are no other Bitcoin ETFs available for investors to purchase.
NOTE: WARNING: The Valkyrie Bitcoin ETF is a speculative investment that involves a high degree of risk. Investing in the Valkyrie Bitcoin ETF involves the risk of loss of all or part of your invested capital. Therefore, before investing in the Valkyrie Bitcoin ETF, you should carefully consider your investment objectives, level of experience, and risk appetite. You should not invest money that you cannot afford to lose. Additionally, you should be aware of the risks associated with cryptocurrencies, including volatility and illiquidity. If you are uncertain about any aspect of investing in the Valkyrie Bitcoin ETF, you should seek advice from an independent financial advisor.
The fund will give investors exposure to Bitcoin without having to purchase and store the digital currency themselves.
The Valkyrie Bitcoin ETF will track the price of Bitcoin using the Bloomberg Galaxy Bitcoin Index (BGBX), which is a reference rate that tracks the price of Bitcoin across a number of exchanges. The BGBX is a rules-based index that is designed to provide a reliable and transparent benchmark for tracking the performance of Bitcoin.
Valkyrie Investments was founded in 2014 by Andrew Barroway, a hedge fund manager with over 25 years of experience. Barroway is also the majority owner of the NHL’s Arizona Coyotes.
The Valkyrie Bitcoin ETF is expected to launch in early 2018.
7 Related Question Answers Found
Bitcoin ETFs are exchange-traded funds that aim to track the price of bitcoin. They provide investors with exposure to the cryptocurrency without having to buy or store it themselves. Bitcoin ETFs are still relatively new and there are only a handful of them available.
An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occasionally occur. Most ETFs track an index, such as a stock index or bond index.
The new Bitcoin ETF is a digital asset that tracks the price of Bitcoin and is traded on a traditional stock exchange. The fund is designed to provide investors with exposure to Bitcoin without the need to purchase and store the underlying asset. The ETF is backed by a physical reserve of Bitcoin, which is managed by an institutional investor.
An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an index, such as a stock index or bond index. .
The bitcoin exchange-traded fund (ETF) race is on. In the United States, three different groUPS are seeking to list a bitcoin ETF on a major stock exchange, and they’re all racing to be the first. The first group is made up of the Winklevoss twins, famous for their early involvement in Facebook.
The quest for a bitcoin ETF has been a long and arduous one. The Securities and Exchange Commission (SEC) has denied multiple attempts at creating a fund that tracks the price of the digital currency. The most recent denial was in March of this year, when the SEC rejected the proposed rule change that would have allowed the creation of the Bitwise Bitcoin ETF.
There is a great deal of interest in Bitcoin Exchange Traded Funds (ETFs), but there are also a number of challenges that need to be overcome before a Bitcoin ETF can be launched. Bitcoin ETFs would provide investors with exposure to Bitcoin without having to buy and store the digital currency themselves. This would make it much easier for investors to get involved in the Bitcoin market, and could potentially lead to a higher price for Bitcoin as more people invest in the currency.
