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ETFs

Valkyrie ETF Trust II Valkyrie Bitcoin Strategy ETF

BTF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 21 2021
Expense Ratio
0.95%
Type
Global Cryptocurrency
Fund Owner
Valkyrie Funds
Volume (1m avg. daily)
$3,782,445
AUM
$26,865,300
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS BILLS 08/08/2023
57.85%
n/a
Cash & Other
42.15%
n/a
Derivatives offset
-99.95%
Invest with BTF

What is BTF?

BTF is an actively managed ETF available through Nasdaq that invests primarily in bitcoin futures contracts.

ETFs related toBTF

ETFs correlated to BTF include BITO, BLOK, METV

BTF
Valkyrie ETF Trust II - Valkyrie Bitcoin Strategy ETF
BITO
ProShares Trust - ProShares Bitcoin Strategy ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
CONL
GraniteShares ETF Trust - GraniteShares 1.5x Long Coinbase Daily ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBTF

#BITO

Bitcoin Futures

Category

Benchmarks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BTF using Composer

FAQ

BTF is a Global Cryptocurrency ETF. BTF is an actively managed ETF available through Nasdaq that invests primarily in bitcoin futures contracts.

Yes, BTF is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BTF is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BTF is -0.106%. This is the percent change in the value of BTF over the most recent 1-month period. The 3-month return on BTF is 0.129%. This is the percent change in the value of BTF over the most recent 3-month period.

The standard deviation of BTF for the past year is 0.6478%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BTF include PSK, PGX, and PFF.

ETFs correlated to BTF include BITO, BLOK, and METV.

ETFs that are inversely correlated to BTF include BITI, QID, and SQQQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.