The Valkyrie Bitcoin Strategy ETF, one of a group of exchange-traded funds investing in bitcoin that are expected to launch imminently after receiving Securities and Exchange Commission approval, has a humorous ticker: BTFD. That acronym stands for, “buy the {expletive} dip,” a trading strategy has typically been successful with respect to the cryptocurrency. The Valkyrie Bitcoin Strategy ETF will invest in bitcoin futures rather than the underlying cryptocurrency and has annual operating expenses of 0.95%.
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