Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Stock Passes Above 50-Day Moving Average – Here’s Why

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $32.84 and traded as high as $63.16. Valkyrie Bitcoin Futures Leveraged Strategy ETF shares last traded at $62.13, with a volume of 55,438 shares traded.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Performance

The company’s 50 day moving average price is $34.43 and its 200 day moving average price is $31.24.

Institutional Investors Weigh In On Valkyrie Bitcoin Futures Leveraged Strategy ETF

A hedge fund recently bought a new stake in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC acquired a new position in shares of Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF at the end of the most recent quarter.

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.