BITX

2x Bitcoin Strategy ETF

$35.18

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The BITX - 2x Bitcoin Strategy ETF seeks to provide investment results that, before fees and expenses, correspond to two times (2x) the daily performance of the price of bitcoin.

Overview

ETF tracking 2x Bitcoin Strategy ETF

Category Leveraged

Issuer Other

Inception Date 2023-06-27

Market Cap $1.5B

Average Volume N/A

Dividend Yield 13.37%

52-Week Range $30.26 - $70.55

VWAP $36.28

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The BITX - 2x Bitcoin Strategy ETF seeks to provide investment results that, before fees and expenses, correspond to two times (2x) the daily performance of the price of bitcoin.

🎯 Investment Strategy

The ETF invests in bitcoin futures contracts to gain leveraged exposure to the price of bitcoin. It does not invest directly in bitcoin. The fund aims to maintain a target 2x leverage ratio through daily portfolio rebalancing.

✨ Key Features

Provides 2x leveraged exposure to the bitcoin futures market
Utilizes bitcoin futures contracts to gain exposure, not direct investment in bitcoin
Rebalances daily to maintain target 2x leverage ratio
Relatively high expense ratio compared to non-leveraged bitcoin ETFs

⚠️ Primary Risks

Significant volatility and risk of loss due to 2x leverage
Potential for divergence from the underlying bitcoin price due to the use of futures contracts
Risks associated with the bitcoin futures market, including liquidity, counterparty, and regulatory risks
Potential for the fund to underperform the unleveraged bitcoin price over longer time periods

👤 Best For

The BITX ETF is designed for experienced, risk-tolerant investors seeking highly leveraged exposure to the bitcoin market. It is not suitable for conservative or long-term investors due to the significant volatility and risk of loss inherent in a 2x leveraged strategy.