Valkyrie launched a new bitcoin leveraged product on Thursday that aims to provide two-times the daily performance of a bitcoin futures index, marking its stake in bitcoin leveraged products.

The fund, called the Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX), is a leveraged bitcoin futures ETF that seeks to provide "two-times the daily performance of the Index, which is designed to measure the performance of the CME Bitcoin Futures market and is rolled on a scheduled basis," Valkyrie said in a statement.

This comes a month after the SEC approved a slew of spot bitcoin ETFs, including ones from Valkyrie, BlackRock and Grayscale — years after the crypto industry first started to try to get one approved. 

“The launch of BTFX represents our commitment to bringing investors …