- ISIN
- US91917A1088
- Issuer
- Valkyrie
- Inception Date
- Oct 21, 2021
- Region
- Global (Broad)
- Category
- Cryptocurrency
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $13M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
BTF Performance Chart
Valkyrie Bitcoin and Ether Strategy ETF (BTF) is down 35.3% since the beginning of the year. BTF is currently trading at $17 per share.
Loading charts...
Returns By Period
Valkyrie Bitcoin and Ether Strategy ETF (BTF) has returned -35.32% so far this year and -34.98% over the past 12 months.
Valkyrie Bitcoin and Ether Strategy ETF
- 1D
- 1.93%
- 1M
- -15.70%
- YTD
- -35.32%
- 6M
- -35.81%
- 1Y
- -34.98%
- 3Y*
- 7.30%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BTF Monthly Returns History
Based on dividend-adjusted daily data since Oct 22, 2021, BTF's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.
Historically, 47% of months were positive and 53% were negative. The best month was Feb 2024 with a return of +46.3%, while the worst month was Jun 2022 at -40.8%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BTF closed higher 49% of trading days. The best single day was Mar 13, 2023 with a return of +22.4%, while the worst single day was Jun 13, 2022 at -20.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -7.44% | -24.81% | 5.75% | 9.82% | -7.61% | -13.37% | -35.32% | ||||||
| 2025 | 2.05% | -25.69% | -10.27% | 5.34% | 26.41% | -0.01% | 26.29% | 4.40% | 0.43% | -5.77% | -19.84% | -3.39% | -12.44% |
| 2024 | -0.00% | 46.34% | 8.55% | -18.38% | 22.00% | -11.70% | 2.05% | -17.01% | 5.30% | 2.75% | 40.15% | -6.57% | 67.60% |
| 2023 | 38.96% | -0.08% | 21.93% | 2.06% | -8.58% | 11.92% | -4.93% | -10.83% | 2.57% | 26.82% | 9.66% | 10.80% | 136.86% |
| 2022 | -16.21% | 9.01% | 8.32% | -16.38% | -17.43% | -40.75% | 27.21% | -16.27% | -2.87% | 4.67% | -14.16% | -1.78% | -63.05% |
| 2021 | -2.47% | -9.33% | -20.67% | -29.84% |
Benchmark Metrics
Valkyrie Bitcoin and Ether Strategy ETF has an annualized alpha of -12.70%, beta of 1.56, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since October 22, 2021.
- This ETF participated in 181.44% of S&P 500 Index downside but only 110.44% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.21 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -12.70%
- Beta
- 1.56
- R²
- 0.21
- Upside Capture
- 110.44%
- Downside Capture
- 181.44%
Expense Ratio
BTF has a high expense ratio of 1.24%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BTF ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Valkyrie Bitcoin and Ether Strategy ETF (BTF) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.37 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 2.78 | -3.36 |
| Martin ratioReturn relative to average drawdown | -0.98 | 12.44 | -13.42 |
Dividends
Dividend History
Valkyrie Bitcoin and Ether Strategy ETF provided a 225.00% dividend yield over the last twelve months, with an annual payout of $37.74 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $37.74 | $38.12 | $38.79 | $10.69 |
Dividend yield | 225.00% | 146.05% | 52.96% | 15.98% |
Monthly Dividends
The table displays the monthly dividend distributions for Valkyrie Bitcoin and Ether Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.12 | ||||||
| 2025 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $37.32 | $38.12 |
| 2024 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $37.15 | $38.79 |
| 2023 | $0.58 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $9.75 | $10.69 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Valkyrie Bitcoin and Ether Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Valkyrie Bitcoin and Ether Strategy ETF was 77.50%, occurring on Nov 9, 2022. Recovery took 333 trading sessions.
The current Valkyrie Bitcoin and Ether Strategy ETF drawdown is 57.70%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -77.50%Nov 2022 | 12mo 4d | 1y 4mo | 2y 4moNov 2021 - Mar 2024 |
2026 bear market2026 | -60.85%Jun 2026 | 8mo 1d | — | 8mo 19dOct 2025 - now |
2025 selloff2025 | -50.14%Apr 2025 | 3mo 22d | 4mo 2d | 7mo 24dDec 2024 - Aug 2025 |
2024 bear market2024 | -38.45%Sep 2024 | 5mo 26d | 2mo 16d | 8mo 12dMar 2024 - Nov 2024 |
2025 correction2025 | -14.66%Sep 2025 | 1mo 12d | 11d | 1mo 23dAug 2025 - Oct 2025 |
Drawdown Indicators
| BTF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.50% | -56.78% | -20.72% |
Max Drawdown (1Y)Largest decline over 1 year | -60.85% | -9.10% | -51.75% |
Max Drawdown (3Y)Largest decline over 3 years | -60.85% | -18.90% | -41.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -57.70% | -1.80% | -55.90% |
Average DrawdownAverage peak-to-trough decline | -39.83% | -10.71% | -29.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.62% | 2.03% | +33.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with BTF
Add Valkyrie Bitcoin and Ether Strategy ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with BTF