Bitcoin

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<p><a href="https://u.today/valkyries-bitcoin-etf-changes-ticker-to-btfd" rel="noopener noreferrer nofollow">Valkyrie Funds</a>, a notable asset management firm, has recently <a href="https://twitter.com/JSeyff/status/1705259109065335233" rel="noopener noreferrer nofollow">announced</a> a change in the post-effective date for their impending leveraged Bitcoin Futures ETF. Originally filed on May 15, 2023, the firm anticipates the launch of this innovative product on October 20th.&nbsp;</p> 
<p>It is engineered to actively manage exposure, ranging from 100-200% long on Bitcoin, potentially offering an intriguing and dynamic investment option for enthusiasts of the cryptocurrency sector.</p> 
<h2 id="the-spot-etf-race">The spot ETF race &nbsp;</h2> 
<p>As <a href="https://u.today/bullish-bitcoin-signal-sec-acknowledges-another-etf-proposal" rel="noopener noreferrer nofollow">reported by U.Today</a>, the Tennessee-based asset manager has joined the likes of BlackRock and Fidelity in reattempting the process of obtaining approval for a spot Bitcoin ETF.</p> 
<p>The firm had initially applied for a spot Bitcoin ETF in January 2021 and had named Nasdaq as its preferred exchange in the refiled paperwork on June 21, altering its ticker symbol to BRRR.</p> 
<h2 id="bitwise-s-strategy-adjustment">Bitwise's strategy adjustment&nbsp;</h2> 
<p><a href="https://u.today/the-future-of-crypto-bitwise-executive-signals-the-start-of-a-new-era" rel="noopener noreferrer nofollow">Bitwise Invest</a> has retracted its application to transmute BITC from a Bitcoin futures fund to a fund entailing futures of both Bitcoin and Ethereum. This implies Bitwise's current focus will solely be on Bitcoin exposure.&nbsp;</p> 
<p>The speculation surrounding this decision suggests a strategic recalibration, potentially driven by a perceived lack of advantage in having a dual BTC and <a href="https://u.today/grayscale-files-application-for-ethereum-futures-etf" rel="noopener noreferrer nofollow">ETH ETF</a>, especially if it doesn't secure the first-mover advantage. It also indicates a preference among some investors for optimum roll exposure solely to Bitcoin.</p>

Bitcoin Futures ETF Date Revision Announced by Valkyrie Funds

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