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Cryptocurrency asset manager Valkyrie’s Bitcoin futures ETF has started trading on Nasdaq under the symbol BTF, with an opening price of $25.50. As previously reported, Valkyrie’s Bitcoin futures ETF was scheduled to start trading under the ticker symbol “BTFD” before changing to “BTF.” The ETF is the third Bitcoin futures ETF approved by the SEC, following ProShares and VanEck.
After hitting a record high of $67,000 earlier this week, Bitcoin has fallen about 10%. Bitcoin price is currently trading near $61,000. On the daily chart, BTC support is around $57,000. Everyone is waiting with bated breath to see whether Bitcoin will stand above $60,000. Once BTC breaks below this level, $65,000 will once again be the most important resistance level. However, for long-term holders, the current adjustment does not seem to scare them.