Parallel Advisors LLC Takes $78,000 Position in 2x Bitcoin Strategy ETF $BITX

Parallel Advisors LLC acquired a new stake in 2x Bitcoin Strategy ETF (NYSEARCA:BITX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,450 shares of the company’s stock, valued at approximately $78,000.

Several other large investors also recently modified their holdings of the stock. DRW Securities LLC bought a new position in 2x Bitcoin Strategy ETF during the first quarter worth about $4,202,000. EverSource Wealth Advisors LLC increased its position in 2x Bitcoin Strategy ETF by 8,916.8% during the first quarter. EverSource Wealth Advisors LLC now owns 12,894 shares of the company’s stock worth $457,000 after acquiring an additional 12,751 shares during the period. Silverleafe Capital Partners LLC bought a new position in 2x Bitcoin Strategy ETF during the first quarter worth about $355,000. Finally, Jump Financial LLC increased its position in 2x Bitcoin Strategy ETF by 5.0% during the first quarter. Jump Financial LLC now owns 40,805 shares of the company’s stock worth $1,448,000 after acquiring an additional 1,953 shares during the period.

2x Bitcoin Strategy ETF Stock Up 3.1%

NYSEARCA:BITX opened at $55.12 on Thursday. 2x Bitcoin Strategy ETF has a 52 week low of $24.23 and a 52 week high of $72.80. The firm’s 50-day simple moving average is $58.68 and its 200 day simple moving average is $51.28.

2x Bitcoin Strategy ETF Company Profile

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.