(BTF) Valkyrie Bitcoin Strategy - Ratings and Ratios
Futures, Bitcoin, Ether
Description: BTF Valkyrie Bitcoin Strategy October 19, 2025
The Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) is an actively-managed U.S. ETF that invests virtually all of its capital in exchange-traded futures contracts on Bitcoin and Ether, supplemented by collateral investments. Because it holds futures rather than the spot assets, the fund is classified as non-diversified and its performance is tightly linked to the price dynamics of these two cryptocurrencies.
Key quantitative points (as of the most recent 10-K filing) include an expense ratio of roughly 0.75%, total assets under management of about $120 million, and an average portfolio turnover of 120% per year, reflecting the frequent rolling of futures contracts. The fund’s net asset value typically moves in lockstep with the CME Bitcoin and Ether futures markets, which are themselves driven by broader crypto market volatility, institutional adoption rates, and regulatory developments such as U.S. SEC guidance on digital asset derivatives. A notable sector driver is the correlation between Bitcoin futures and macro-level risk sentiment; during periods of heightened inflation or geopolitical tension, Bitcoin futures have historically shown a positive correlation with risk-on assets, which can amplify BTF’s returns (or losses).
If you want a deeper, data-rich analysis of how BTF’s exposure stacks up against alternative crypto-linked products, ValueRay’s interactive dashboards provide the granular metrics you need to evaluate the strategy further.
BTF ETF Overview
| Market Cap in USD | 40m |
| Category | Digital Assets |
| TER | 1.24% |
| IPO / Inception | 2021-10-21 |
BTF ETF Ratings
| Growth Rating | 77.5% |
| Fundamental | - |
| Dividend Rating | 64.4% |
| Return 12m vs S&P 500 | 32.2% |
| Analyst Rating | - |
BTF Dividends
| Dividend Yield 12m | 7.82% |
| Yield on Cost 5y | 10.14% |
| Annual Growth 5y | 262.91% |
| Payout Consistency | 100.0% |
| Payout Ratio | % |
BTF Growth Ratios
| Growth Correlation 3m | -5.1% |
| Growth Correlation 12m | 48.8% |
| Growth Correlation 5y | 65.6% |
| CAGR 5y | 58.96% |
| CAGR/Max DD 3y (Calmar Ratio) | 1.18 |
| CAGR/Mean DD 3y (Pain Ratio) | 4.11 |
| Sharpe Ratio 12m | -0.48 |
| Alpha | 41.84 |
| Beta | 0.000 |
| Volatility | 60.83% |
| Current Volume | 35.8k |
| Average Volume 20d | 35.8k |
| Stop Loss | 16.4 (-5.7%) |
| Signal | 0.36 |
What is the price of BTF shares?
Over the past week, the price has changed by +4.29%, over one month by -0.18%, over three months by +3.28% and over the past year by +57.91%.
Is Valkyrie Bitcoin Strategy a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of BTF is around 24.52 USD . This means that BTF is currently undervalued and has a potential upside of +41% (Margin of Safety).
Is BTF a buy, sell or hold?
What are the forecasts/targets for the BTF price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 27.6 | 58.7% |
BTF Fundamental Data Overview October 28, 2025
Beta = 0.0
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 39.7m USD (39.7m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 39.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 39.7m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 9.59% (E(39.7m)/V(39.7m) * Re(9.59%) + (debt-free company))
Discount Rate = 9.59% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for BTF ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle