The second US-based Bitcoin (BTC) futures-linked exchange-traded fund will be officially available for trading across the Nasdaq, with the opening price standing at $25.52 for every share.

Specifically disclosed by NASDAQ, digital asset management entity Valkyrie’s Bitcoin Strategy ETF – the second ETF of its kind to provide crypto futures exposure to U.S. investors in a direct manner – reportedly opened at a price of $25.52 for every share of BTF, prior to plummeting down to $24.66 – a 3.3% drop. 

The exchange-traded fund was reportedly established with a primary goal of tracking the value of BTC futures listed on the Chicago Mercantile Exchange (CME). 

“This Bitcoin Strategy ETF is a major leap forward for this asset class. It enables investors to participate in the digital asset markets through a regulated, transparent product that trades on a trusted, reliable exchange and can be bought and sold as easily as any other investment currently available.” Head of Valkyrie – Leah Wald – further remarked.

The crypto fund on a high-profile stock exchange will reportedly be the second to have been introduced this week, following the previous release of ProShares’ Bitcoin Strategy ETF opening for trading on the New York Stock Exchange on Oct. 19. 

In under a week, the fund has reportedly locked in over $1 billion in assets under management, apart from getting closer to the limit regarding the number of futures contracts allowed under the CME.

The Securities and Exchange Commission initially granted approval for the registration request, regarding Valkyrie’s ETF on Oct. 15, shortly after granting the same acceptance to shares of ProShares’. 

The regulatory agency reportedly still has a variety of crypto ETF applications in review and has only offered to greenlight to the ones with exposure associated with BTC futures.