2x Bitcoin Strategy ETF
BITX

$21.16

9.42%

Market Cap: $1.19B

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

333% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 3

4.31% less ownership

Funds ownership: 10.24% [Q1] → 5.93% (-4.31%) [Q2]

6% less funds holding

Funds holding: 32 [Q1] → 30 (-2) [Q2]

13% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 16

31% less call options, than puts

Call options by funds: $36.4M | Put options by funds: $53.1M

49% less capital invested

Capital invested by funds: $154M [Q1] → $77.7M (-$75.9M) [Q2]

100% less funds holding in top 10

Funds holding in top 10: 5 [Q1] → 0 (-5) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for BITX.

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Financial journalist opinion

BITX: Rate Cuts Could Disappoint BTC Bulls

Bitcoin's flash-crash in early August was followed by a strong recovery, the 2x leveraged ETF BITX more than doubled Bitcoin's performance over that time. September has historically been a poor month for Bitcoin, with only a 30% chance of positive returns and an average decline of 5.8%. More importantly, investment demand for BTC has been robust this year with over $20 billion in YTD capital flows into the asset.

BITX: Rate Cuts Could Disappoint BTC Bulls

Top Performing Leveraged/Inverse ETFs: 07/21/2024

These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs: 07/21/2024

Zacks Investment Research

5 Best-Performing Leveraged ETFs of 1H

We highlight a bunch of the best-performing leveraged equity ETFs from different corners of the market that are leaders in their segments for the first half.

5 Best-Performing Leveraged ETFs of 1H

Why BITX Falls Short: A Sell Recommendation Based On Risk, Cost, And Performance Analysis

BITX aims to provide investors with 2x the daily performance of Bitcoin futures through leveraged exposure, making it suitable for short-term trading but risky due to potential losses. Its 1.85% expense ratio and high risk underscore the need for active management and monitoring. Complexities, costs, and the BITX risk profile suggest alternative investments like MSTR or spot ETFs such as GBTC offer better long-term investments.

Why BITX Falls Short: A Sell Recommendation Based On Risk, Cost, And Performance Analysis

Top 10 Most Shorted ETFs Still Attract Inflows

Over the last month, the top ten most shorted ETFs have attracted Inflows of $5.6B. As equity markets in the US continue to set record highs, investors appear to expect the bull market to continue. ETF flow data and securities finance short interest data remain key to understanding investor behavior.

Top 10 Most Shorted ETFs Still Attract Inflows

Top Performing Leveraged/Inverse ETFs: 05/19/2024

These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs: 05/19/2024

Zacks Investment Research

Best Leveraged ETFs of Last Week

Wall Street was upbeat last week. The rally came after the release of weaker-than-expected inflation data, which raised hopes of a sooner-than-expected Fed rate cut.

Best Leveraged ETFs of Last Week

Top Performing Leveraged/Inverse ETFs: 03/31/2024

These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs: 03/31/2024

Zacks Investment Research

Best Inverse/Leveraged ETF Areas of Last Week

Wall Street displayed a mixed performance last week.

Best Inverse/Leveraged ETF Areas of Last Week

Zacks Investment Research

5 Best Leveraged ETFs of the First Quarter of 2024

U.S. stocks are on track to post strong gains for the first quarter. Fed rate cut bets, stronger earnings, and the continued AI boom continue to fuel the rally in the stock market.

5 Best Leveraged ETFs of the First Quarter of 2024

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