2x Bitcoin Strategy ETFBITX
BITX
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
160% more capital invested
Capital invested by funds: $84.6M [Q3] → $220M (+$135M) [Q4]
100% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 11
75% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 8
32% more funds holding
Funds holding: 34 [Q3] → 45 (+11) [Q4]
15% more call options, than puts
Call options by funds: $352M | Put options by funds: $307M
1.7% more ownership
Funds ownership: 5.25% [Q3] → 6.95% (+1.7%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for BITX.
Financial journalist opinion
Negative
Seeking Alpha
3 weeks ago
BITX: 2x Bitcoin Strategy ETF, Lagging Upside Returns Could Spell Disaster On Downside
Volatility Shares 2x Bitcoin Strategy ETF has underperformed bullish expectations, with a -12.3% total return loss over the last 12 months vs. Bitcoin's +25.6% gain. The ETF's poor performance is primarily due to expensive futures contracts and high holding costs, creating significant value decay on top of compounding issues. For long-term Bitcoin investment, direct ownership is recommended over BITX. Keep it simple, with negligible holding and trading expenses.
Negative
Seeking Alpha
3 weeks ago
A Less Risky Strategy That Profits From Volatility In Bitcoin
Leveraged ETFs suffer from volatility drag, causing them to underperform their benchmarks, which can be exploited by shorting leveraged ETFs while buying the underlying asset. Backtesting since July 2023 shows a strategy of 67% BTC and 33% short BITX yielding a 34.03% annualized return with lower drawdowns. Adjusting the allocation to 75% BTC and 25% short BITX increases annualized returns to 45.73%, but with tail risk.
Neutral
ETF Trends
2 months ago
Top Performing Leveraged/Inverse ETFs: 01/19/2025
Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Neutral
Seeking Alpha
3 months ago
BITX: Not The Best Way To Gain Bitcoin Exposure
The 2x Bitcoin Strategy ETF suffers from significant contango and volatility decay, making it less effective for long-term Bitcoin exposure compared to simpler, low-cost Bitcoin ETFs like IBIT. BITX charges a high 1.85% expense ratio and has underperformed its promise, delivering only 1.5x Bitcoin's return due to decay issues. President Trump's potential 'Bitcoin Reserve' policy could boost Bitcoin prices, but simpler ETFs like IBIT are better for bullish investors without leverage risks.
Neutral
ETF Trends
4 months ago
Top Performing Leveraged/Inverse ETFs: 11/24/2024
Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Positive
Zacks Investment Research
4 months ago
5 Leveraged ETFs of Last Week That Gained More Than 25%
These leveraged ETFs returned more than 25% last week against the broader market return of 1.6%.
Positive
Zacks Investment Research
4 months ago
Winning ETFs in Focus on Bitcoin, AI & Gold's Dream Run Last Week
Last week was moderate for the broader market indexes but was a winning one for bitcoin, artificial intelligence (AI) and gold.
Neutral
ETF Trends
4 months ago
Top Performing Leveraged/Inverse ETFs: 11/17/2024
Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Positive
Zacks Investment Research
4 months ago
Best Leveraged or Inverse ETFs Midway in Q4
The appeal for leveraged and inverse-leveraged ETFs is on the rise amid uncertainty as these fetch outsized returns on quick market turns in a short span.
Negative
Seeking Alpha
5 months ago
2x Bitcoin Strategy ETF: A Sophisticated Tool
Bitcoin's long-term potential is driven by unstable modern monetary policies, making it a strong hedge against fiat currency weaknesses. The 2x Bitcoin Strategy ETF is highly volatile and risky due to its 2x leverage, high expense ratio, and futures contango, making it unsuitable for long-term holding. Short-term speculation with BITX is possible, but sophisticated investors should consider direct futures, while unsophisticated investors should consider simpler ETFs.
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