Shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $32.19, but opened at $34.37. 2x Bitcoin Strategy ETF shares last traded at $33.97, with a volume of 562,890 shares trading hands.
2x Bitcoin Strategy ETF Trading Up 8.6 %
The business’s 50-day simple moving average is $46.17 and its two-hundred day simple moving average is $30.42.
Hedge Funds Weigh In On 2x Bitcoin Strategy ETF
A number of hedge funds have recently bought and sold shares of the company. Kingswood Wealth Advisors LLC bought a new stake in 2x Bitcoin Strategy ETF during the fourth quarter valued at $470,000. Graypoint LLC acquired a new position in shares of 2x Bitcoin Strategy ETF in the 4th quarter valued at about $572,000. Finally, Selway Asset Management bought a new stake in shares of 2x Bitcoin Strategy ETF during the 1st quarter valued at about $399,000.
About 2x Bitcoin Strategy ETF
The 2x Bitcoin Strategy ETF (BITX) is an exchange-traded fund that is based on the S&P CME Bitcoin Futures Daily Roll index. The fund aims to provide 2x the daily price movements of an index based on rolling front-month CME bitcoin futures. BITX was launched on Jun 27, 2023 and is managed by Volatility Shares.
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