CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Shares Up 3.8% – Here’s What Happened

CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) shares traded up 3.8% on Wednesday . The stock traded as high as $34.60 and last traded at $34.13. 3,296 shares changed hands during trading, a decline of 71% from the average session volume of 11,473 shares. The stock had previously closed at $32.89.

CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Performance

The firm’s 50 day moving average is $46.24 and its two-hundred day moving average is $53.31.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC bought a new position in CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,077 shares of the company’s stock, valued at approximately $321,000. Jane Street Group LLC owned 2.17% of CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF at the end of the most recent reporting period.

CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF Company Profile

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.