2x Bitcoin Strategy ETF (BATS:BITX) Trading 2.8% Higher – Here’s Why

Shares of 2x Bitcoin Strategy ETF (BATS:BITXGet Free Report) rose 2.8% during trading on Tuesday . The stock traded as high as $16.82 and last traded at $15.99. Approximately 15,530,866 shares were traded during trading, an increase of 14% from the average daily volume of 13,646,398 shares. The stock had previously closed at $15.55.

2x Bitcoin Strategy ETF Trading Up 2.8%

The stock’s fifty day moving average is $22.41 and its two-hundred day moving average is $36.97.

2x Bitcoin Strategy ETF Company Profile

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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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