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Valkyrie’s Bitcoin ETF Changes Ticker to BTFD

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Tue, 19/10/2021 - 7:30
Valkyrie’s Bitcoin ETF Changes Ticker to BTFD
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Cryptocurrency money manager Valkyrie Digital Assets has changed the ticker of its Bitcoin futures exchange-traded fund from “BTF” to “BTFD.”

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The slang acronym, which stands for “buy the f*****g dip,” has been overused in the crypto space by proponents who encourage others to purchase more crypto during market corrections.

For instance, when MicroStrategy CEO Michael Saylor announced another $10 million buy in May, Blockstream CEO Adam Back commented that the former was sure to “BTFD.”

For Bitcoiners, a dip is not just a reminder to stack more sats: it’s their mentality and way of life.

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Hence, many praised Valkyrie for the marketing move that will make it stand out among a slew of competitors.

As reported by U.Today, ProShares will launch the very first Bitcoin futures ETF this Tuesday.

Analysts expect that Valkyrie’s Bitcoin (BTC) futures-based ETF will also go live by the end of this week.

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