Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please click here to read our full Risk Warning.

78% of retail investor accounts lose money when trading CFDs with this provider.

Valkyrie Bitcoin Fund

The Valkyrie Bitcoin Fund is a spot ETF that holds Bitcoin exclusively and issues common shares that are traded on the Nasdaq. The fund determines the real market value of its stock based on the movement of Bitcoin's price as measured by the CME CF Bitcoin Reference Rate, an index that reflects the current average Bitcoin price based on quotes from several leading crypto exchanges and trading platforms and displays that average price in US dollars.

The fund's shares are not redeemable for the underlying Bitcoin, which means the fund's price may deviate from the price of Bitcoin. The fund uses cold storage technology to keep bitcoins in secure offline environments to safeguard them from potential online threats of hacking and theft.

The fund's management fee is 0.25% of the average annual cost of assets. The management fee is waived until 10 April 2024.

Opportunities for traders

The Valkyrie Bitcoin Fund began trading on the Nasdaq on 11 January 2024. Its intraday volatility is 7.2%, while its intraday trade volume is approximately $4.9 million.

How to buy and sell CFDs on the Valkyrie Bitcoin Fund

You can buy and sell CFDs on the Valkyrie Bitcoin Fund on specialised exchanges. Alternatively, you can trade CFDs on the Valkyrie Bitcoin Fund through a broker or trading platform, such as MetaTrader or Libertex, where you can use a multiplier and also trade if the value of the asset declines.

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