CoinShares Bitcoin Futures Leveraged Strategy ETF (BTFX)
CoinShares Bitcoin Futures Leveraged Strategy ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $33.71, up 0.06% on the session, giving a market capitalisation of $10.0M. Its beta of 4.34 implies it has historically moved more than the broad market.
This Exchange Traded Fund (ETF) is designed to achieve its investment goals primarily by allocating its capital to Bitcoin futures contracts that are settled in cash. These contracts are exclusively traded on exchanges overseen by the Commodity Futures Trading Commission (CFTC), with the Chicago Mercantile Exchange (CME) currently being the sole venue. To support these futures positions, the fund also maintains holdings in cash, highly liquid instruments, or top-tier securities, which serve as collateral. Notably, the fund operates on a non-diversified basis.
CoinShares Bitcoin Futures Leveraged Strategy ETF is most often compared with the following Financial Services names: