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Valkyrie ETF Trust II - Valkyrie Bitcoin Futures Leveraged Strategy ETF is an exchange traded fund launched and managed by Valkyrie Funds LLC. The fund is co-managed by Vident Advisory, LLC. The fund invests in currency and fixed income markets. For its currency portion, it invests through derivatives in bitcoin. The fund uses derivatives such as futures to create its portfolio. It seeks to invest in futures contracts through its wholly-owned subsidiary organized under the laws of the Cayman Islands. For its fixed income portion, it primarily invests in cash, cash-like instruments or high-quality securities. Valkyrie ETF Trust II - Valkyrie Bitcoin Futures Leveraged Strategy ETF is domiciled in the United States.