2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) rose 8.5% during trading on Friday . The company traded as high as $28.50 and last traded at $28.31. Approximately 2,381,774 shares traded hands during trading, a decline of 73% from the average daily volume of 8,661,018 shares. The stock had previously closed at $26.10.
2x Bitcoin Strategy ETF Price Performance
The business has a 50-day simple moving average of $38.62 and a two-hundred day simple moving average of $50.95.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Highline Wealth Partners LLC bought a new stake in 2x Bitcoin Strategy ETF in the third quarter worth about $28,000. Parallel Advisors LLC acquired a new position in shares of 2x Bitcoin Strategy ETF in the 2nd quarter worth approximately $78,000. Silverleafe Capital Partners LLC raised its holdings in shares of 2x Bitcoin Strategy ETF by 13.3% in the 3rd quarter. Silverleafe Capital Partners LLC now owns 11,373 shares of the company’s stock worth $626,000 after purchasing an additional 1,331 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of 2x Bitcoin Strategy ETF by 35.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 17,415 shares of the company’s stock worth $941,000 after purchasing an additional 4,521 shares in the last quarter. Finally, Jump Financial LLC lifted its stake 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 valued at $1,448,000 after purchasing an additional 1,953 shares during the last quarter.
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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