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Valkyrie’s Bitcoin ETF Changes Ticker to BTFD

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Tue, 10/19/2021 - 07:30
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Alex Dovbnya
Valkyrie Digital Assets is stepping up its marketing game amid fierce competition
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.”

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.

Related
Grayscale Officially Confirms Plan to File Application for Spot Bitcoin ETF
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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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.