Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX)
BTFX is a passive ETF by Valkyrie tracking the investment results of the S&P CME Bitcoin Futures Index. BTFX launched on Feb 21, 2024 and has a 1.85% expense ratio.
ETF Info
| Issuer | Valkyrie |
|---|---|
| Inception Date | Feb 21, 2024 |
| Category | Blockchain |
| Leveraged | 1x |
| Index Tracked | S&P CME Bitcoin Futures Index |
| Asset Class | Cryptocurrency |
Expense Ratio
BTFX has a high expense ratio of 1.85%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BTFX vs. BITU, BTFX vs. BITX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Valkyrie Bitcoin Futures Leveraged Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 18.13% |
| 1 month | -2.82% | 1.45% |
| 6 months | -37.64% | 8.81% |
| 1 year | N/A | 26.52% |
| 5 years (annualized) | N/A | 13.43% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of BTFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.00% | 45.96% | 18.50% | -33.09% | 26.13% | -21.49% | 5.93% | -25.01% | -6.48% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Valkyrie Bitcoin Futures Leveraged 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 Futures Leveraged Strategy ETF was 62.26%, occurring on Sep 6, 2024. The portfolio has not yet recovered.
The current Valkyrie Bitcoin Futures Leveraged Strategy ETF drawdown is 53.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -62.26% | Mar 14, 2024 | 122 | Sep 6, 2024 | — | — | — |
| -17.53% | Mar 5, 2024 | 1 | Mar 5, 2024 | 3 | Mar 8, 2024 | 4 |
| -3.34% | Feb 23, 2024 | 1 | Feb 23, 2024 | 1 | Feb 26, 2024 | 2 |
| -2.28% | Mar 12, 2024 | 1 | Mar 12, 2024 | 1 | Mar 13, 2024 | 2 |
Volatility
Volatility Chart
The current Valkyrie Bitcoin Futures Leveraged Strategy ETF volatility is 28.40%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.