BITX — 2x Bitcoin Strategy ETF
2x Bitcoin Strategy ETF (ticker: BITX) is a Cryptocurrency ETF issued by Volatility Shares LLC tracking BTC/USD Exchange Rate - USD - Benchmark Price Return (200%). It was launched on 2023-06-27.
About BITX
BITX is an exchange-traded fund that invests in Bitcoin futures contracts. It seeks to provide 2x leveraged exposure to the daily performance of the BTC/USD exchange rate. The fund holds 3 positions, primarily in CME Bitcoin futures contracts.
This ETF may be considered by investors seeking magnified daily returns tied to Bitcoin's price movements. Due to its leveraged nature, it is suitable for investors with a high-risk tolerance and an understanding of the complexities of leveraged products.
- Tracks the BTC/USD Exchange Rate - USD - Benchmark Price Return (200%).
- Provides 2x leveraged exposure to Bitcoin via futures contracts.
- Expense ratio is 2.38%.
- Total assets under management are $1.12B.
- Launched on June 27, 2023.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | -5.39% |
| 1 Week | -24.37% |
| 1 Month | -32.09% |
| 3 Months | -14.32% |
| 6 Months | -59.88% |
| YTD | -52.56% |
| 1 Year | -74.74% |
| 3 Years | — |
| 5 Years | — |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | CME Bitcoin Fut Oct24 | N/A | 204.44% |
| 2 | CME Bitcoin Fut Oct24 | N/A | 204.44% |
| 3 | CME Bitcoin Fut Oct24 | N/A | 204.44% |
| 4 | CME Bitcoin Fut Oct24 | N/A | 204.44% |
| 5 | CME Bitcoin Fut Oct24 | N/A | 204.44% |
| 6 | CME Bitcoin Fut Oct24 | N/A | 204.44% |
| 7 | United States Treasury Bill 09/17/2024 | 912797LH8 | 200.94% |
| 8 | United States Treasury Bill 09/17/2024 | 912797LH8 | 200.94% |
| 9 | United States Treasury Bill 09/17/2024 | 912797LH8 | 200.94% |
| 10 | United States Treasury Bill 09/17/2024 | 912797LH8 | 200.94% |
Fund Profile
| Issuer | Volatility Shares LLC |
|---|---|
| Brand | Volatility Shares |
| Asset Class | Cryptocurrency |
| Strategy | Vanilla |
| Structure | ETF |
| Category | Leveraged Currency |
| Segment | Leveraged Currency: Long BTC, Short USD |
| Region | Global |
| Index Tracked | BTC/USD Exchange Rate - USD - Benchmark Price Return (200%) |
| Inception Date | 2023-06-27 |
| Tax on Distributions | Ordinary income |
Quick Facts
| Ticker | BITX |
|---|---|
| Full Name | 2x Bitcoin Strategy ETF |
| Issuer | Volatility Shares LLC |
| Asset Class | Cryptocurrency |
| Expense Ratio | 0.02% |
| AUM | $861.71M |
| Inception | 2023-06-27 |
| Index Tracked | BTC/USD Exchange Rate - USD - Benchmark Price Return (200%) |
Frequently Asked Questions
What does BITX track?
BITX (2x Bitcoin Strategy ETF) tracks BTC/USD Exchange Rate - USD - Benchmark Price Return (200%), a cryptocurrency benchmark.
What is the expense ratio of BITX?
BITX has an expense ratio of 0.02% per year.
What is the AUM of BITX?
BITX has approximately $861.71M in assets under management.
Does BITX pay a dividend?
BITX distributes income according to its prospectus (Ordinary income tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues BITX?
BITX is issued by Volatility Shares LLC under the Volatility Shares brand, launched on 2023-06-27.
Open the interactive BITX dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.