CoinShares Bitcoin and Ether ETF (BTF) Stock Price, Quote, News & History | Benzinga

The Fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective by investing all or substantially all of its assets in exchange-traded futures contracts on bitcoin and ether and Collateral Investments. The Fund's investment in Bitcoin and Ether Futures Contracts will be approximately equally weighted as of the rebalance date and will be rebalanced on a monthly basis, provided that during rebalancing periods or while taking temporary defensive positions, the Fund may be over- or under-weight with respect to one or another type of Bitcoin and Ether Futures Contract. The Fund does not directly invest in bitcoin or ether. Rather, the Fund seeks to benefit from increases in prices to Bitcoin and Ether Futures Contracts. Under normal market conditions, the Fund invests at least 80 percent of its net assets in Bitcoin and Ether Futures Contracts. For purposes of this investment test, derivative contracts will be valued using their notional value. The Fund invests indirectly, via a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands, in standardized, cash-settled futures contracts on Bitcoin- and Ether-Linked investments.