BTF

Valkyrie Bitcoin Strategy ETF
*Unless otherwise stated, data provided by FactSet.

BTF Fund Description

BTF portfolio includes CME Bitcoin Futures, treasuries, corporate bonds, and cash, and does not have direct exposure to bitcoin.

BTF Factset Analytics Insight

BTF invests indirectly in front month bitcoin futures contracts. Fund concentration limits are avoided by investing via a wholly-owned Cayman Island subsidiary. Roughly 25% of the portfolio is allocated to the subsidiary, such that the notional value of the underlying bitcoin futures total 100% of the net assets of the fund. The remaining assets are held in short-term debt as collateral. The value of bitcoin futures is determined by the CME CF Bitcoin Reference Rate (BRR), which provides an indication of the price of bitcoin across certain cash bitcoin exchanges. The BRR aggregates bitcoin spot trading during a one-hour window. The hour is divided equally into twelve 5-minute segments. A volume-weighted median is calculated for each segment. The BRR value is expressed as the arithmetic mean of the 12 VWM. Prices are expected to be determined at 4:00 p.m. London Time.

PERFORMANCE [as of 06/23/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BTF -28.25% -50.97% -55.00% -- -- -- --
BTF (NAV) -28.21% -50.99% -54.92% -- -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BTF Summary Data

Valkyrie
10/22/21
Open-Ended Fund
0.95%
$19.38M
$2.70M
0.11%

BTF Portfolio Data

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N/A
Derivative

BTF Index Data

No Underlying Index

BTF Portfolio Management

0.95%

BTF Tax Exposures

20.00% / 39.60%
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No

BTF Fund Structure

Open-Ended Fund
Derivative
Yes
N/A
N/A
High
Daily

BTF Factset Analytics Block Liquidity

As of 06/24/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of BTF. BTF is rated a 5 out of 5.

BTF Tradability

241,485
$2.70M
140,320
$1.87M
0.11%
$0.01
0.01%
0.20% / -2.02%
None
100.00%
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4,001
$8.05
5

BTF Top 10 Holdings

54.32%
37.50%
8.18%
100.00%

BTF Portfolio Tilts Comparison


BTF
Segment Benchmark
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BTF Performance Statistics

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Options Strategies for Outcome Investing

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