Asset management firm Valkyrie has moved to convert its Bitcoin Strategy exchange-traded fund (BTF) into a Bitcoin and Ether Strategy ETF.
According to the firm’s website, BTF is an actively managed exchange-traded fund (ETF) available through Nasdaq. BTF, which primarily invests in BTF futures contracts, represents one of Valkyrie’s first endeavors in the Bitcoin derivative product markets.
Valkyrie Files 497 For Bitcoin, Ether Futures ETF: Bloomberg Analyst
Investopedia defines form 497 as a regulatory document that allows investment companies and mutual funds to submit their definitive materials in the Securities and Exchange Commission’s (SEC’s) EDGAR (electronic data gathering, analysis, and retrieval) filing system.
On Friday, August 4, Bloomberg senior ETF analyst Eric Balchunas disclosed on X (formerly Twitter) that Valkyrie filed a form 497 to convert its BTF to a Bitcoin and Ether Futures ETF on October 3, 2023….
