The Valkyrie Bitcoin and Ether Strategy ETF (Nasdaq: BTF)

BTF is an actively managed ETF available through Nasdaq that invests primarily in bitcoin and ether futures contracts. Ask your broker or search your online account for “BTF”.

 

Why BTF?

Exposure

Gain exposure to the emerging bitcoin and ether economies.

Accessible

Access through a traditional actively managed exchange traded fund.

Secure

Invest through the regulated futures market.

Expertise

Managed by a digital asset investment firm.

Fund Summary

Data as of 04/17/2024


Ticker
BTF
CUSIP
91917A 108
ISIN
US91917A1088
Exchange
Nasdaq
Fund Type
Alternative
Inception Date
10/21/2021
Administrator
US Bancorp Fund Services LLC
Distributor
ALPS Distributors, Inc
Custodian
U.S. Bank, N.A.
Advisor
Valkyrie Funds LLC
Sub Advisor
Vident Asset Management
Total Expense Ratio
1.24%

Distributions

wdt_ID Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital
1 06/21/2023 06/22/2023 06/28/2023 0.1157736 0 0 0
2 09/20/2023 09/21/2023 09/27/2023 0.0731278 0 0 0
3 12/20/2023 12/21/2023 12/27/2023 1.94938298 0 0 0

Fund Materials

PDF

Summary Prospectus


PDF

Prospectus


PDF

SAI


PDF

Fact Sheet


PDF

Semi Annual Report


PDF

Annual Report


HTM

H1 2023 Investment Schedule


HTM

H2 2022 Investment Schedule


Investment Objective

The Fund seeks to provide investors with capital appreciation. There can be no assurance that the Fund will achieve its investment objective.

Investment Strategy

The Fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing all or substantially all of its assets in exchange-traded futures contracts on bitcoin and “Collateral Investments”. The Fund will not directly invest in bitcoin. Under normal circumstances, the Fund will seek to purchase a number of bitcoin futures contracts so that the total notional value (i.e., the total value of the bitcoin underlying the futures contracts) of the bitcoin underlying the futures contracts held by the Fund is as close to 100% of the net assets of the Fund as possible.

Investors seeking direct exposure to the price of bitcoin should consider another investment other than the Fund. The Fund is classified as “non-diversified” under the Investment Company Act of 1940 (the “1940 Act”).

Holdings

Data as of 04/17/2024

Subject to change

View all holdings data

BTF Monthly Performance

Data as of 03/31/2024

Quarter End Performance 

(as of 12/31/2023)

  1 Year 3 Years 5 Years Since Inception
NAV 136.95% -- -- -19.27%
Market Price 134.98% -- -- -19.79%

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 Fund. Any applicable brokerage fees and commissions will reduce returns.

  2021 2022 2023
Days traded at premium 38 132 135
Days traded at net asset value 3 3 0
Days traded at discount 8 116 115

 

How to buy the BTF ETF?

Valkyrie ETFs are available through various channels including the below. Reach out to your Financial Advisor for more information.



*Neither Valkyrie Funds nor BTF, The Valkyrie Bitcoin and Ether Strategy ETF are affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement.

ALPS Distributors Inc is not affiliated with any of the companies listed above.