Valkyrie Bitcoin futures-linked ETF listed on NASDAQ, the stock price fell 3% in the first hour

The second bitcoin (Bitcoin) US futures-linked exchange-traded funds began trading on the Nasdaq with an opening price of US$25.52 per share.

According to Nasdaq, the Bitcoin strategy ETF of digital asset management company Valkyrie is the second exchange-traded fund that allows U.S. investors to directly access cryptocurrency futures. Open At BTF’s price of US$25.52 per share, it fell 3.3% to US$24.66 at the time of release. The exchange-traded fund aims to track the value of BTC futures listed on the Chicago Mercantile Exchange (CME).

“This Bitcoin Strategy ETF is a major leap for this asset class,” Said Valkyrie CEO Leah Wald. “It enables investors to participate in the digital asset market through a regulated and transparent product that is traded on a credible and reliable exchange and can be bought and sold as easily as any other investment currently available.”

The crypto fund of the major stock exchange is the second to be launched this week after ProShares’ Bitcoin strategy ETF Open for trading on the New York Stock Exchange October 19th.In less than a week, the fund has Assets under management exceed US$1 billion also Close to the limit The number of futures contracts allowed by CME Group.

SEC first Accept registration request On October 15, shortly after the same operation was performed on ProShares stock, the operation was performed on Valkyrie’s ETF. Regulators are still considering several crypto ETF applications and only approved risk exposures related to BTC futures.

related: Cointelegraph Consulting: ETF listing-what’s next for Bitcoin?

According to the data from Cointelegraph Markets ProAfter the ProShares ETF opened for trading on October 19, the price of Bitcoin rose above $63,000 for the first time in months. Set a record high Nearly $67,000. Today, the price dropped by more than 3% after the opening, from $63,449 to $61,437.