Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-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 Price Performance

The company has a 50-day simple moving average of $32.84 and a two-hundred day simple moving average of $30.81.

Institutional Trading of Valkyrie Bitcoin Futures Leveraged Strategy ETF

An institutional investor recently bought a new position in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC purchased a new position in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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 as of its most recent SEC filing.

About Valkyrie Bitcoin Futures Leveraged Strategy ETF

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.