Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $32.84 and traded as high as $63.16. Valkyrie Bitcoin Futures Leveraged Strategy ETF shares last traded at $62.13, with a volume of 55,438 shares traded.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Performance

The firm’s 50-day simple moving average is $34.43 and its two-hundred day simple moving average is $31.24.

Institutional Investors Weigh In On Valkyrie Bitcoin Futures Leveraged Strategy ETF

A hedge fund recently bought a new stake in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC acquired a new stake in shares of Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned about 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF at the end of the most recent quarter.

About Valkyrie Bitcoin Futures Leveraged Strategy ETF

The Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) is an exchange-traded fund that is based on the S&P CME Bitcoin Futures index. The fund seeks to achieve 2x daily Bitcoin index returns via Bitcoin futures contracts, mitigating risks through collateral investments and the use of reverse repurchase agreements.