Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Stock Price Down 2% – Should You Sell?

Shares of Valkyrie Bitcoin Strategy ETF (NASDAQ:BTFGet Free Report) dropped 2% during mid-day trading on Wednesday . The company traded as low as $9.90 and last traded at $10.16. 24,449 shares were traded during trading, a decline of 46% from the average daily volume of 45,582 shares. The stock had previously closed at $10.37.

Valkyrie Bitcoin Strategy ETF Stock Down 2.0 %

The company has a 50 day moving average price of $13.45 and a 200-day moving average price of $16.69.

Valkyrie Bitcoin Strategy ETF Company Profile

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The Valkyrie Bitcoin Strategy ETF (BTF) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund portfolio includes CME Bitcoin Futures, treasuries, corporate bonds, and cash, and does not have direct exposure to bitcoin. BTF was launched on Oct 21, 2021 and is managed by Valkyrie.

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