CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Trading Down 2.9% – Should You Sell?

Shares of CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFXGet Free Report) were down 2.9% on Friday . The company traded as low as $50.34 and last traded at $51.23. Approximately 8,221 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 32,088 shares. The stock had previously closed at $52.78.

CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF Price Performance

The stock’s fifty day moving average is $46.26 and its two-hundred day moving average is $48.74.

About CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF

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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.

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