BitX Exchange News
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2024
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Aug / 18
- 2x Bitcoin Strategy ETF (NYSEARCA:BITX) Stock Up 9.8%
- Aug 18, 2024 at 02:46 pm
- 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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2024
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Apr / 21
- BITX Soars on Opening Day, Boosted by Institutional Investors
- Apr 21, 2024 at 01:42 pm
- 2x Bitcoin Strategy ETF (BITX) shares surged at the market open on Friday, climbing above $43 amid a spike in volume. The fund, which tracks the price of Bitcoin futures, opened at $42.74 and has since moved higher to trade at $43.04. Institutional investors have been increasing their positions in BITX, with Kingswood Wealth Advisors LLC notably boosting its holdings by over 550% in the first quarter.
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2024
Apr / 03
- Spot Bitcoin ETFs Surge as Investors Seek Direct Crypto Exposure
- Apr 03, 2024 at 04:03 am
- The launch of spot Bitcoin exchange-traded funds (ETFs) continues to gain momentum with Wall Street's latest entries offering leveraged variations. ProShares has introduced ProShares Ultra Bitcoin ETF (BITU) and ProShares UltraShort Bitcoin ETF (SBIT), providing investors with twice the daily performance of Bitcoin and its inverse, respectively. These new ETFs capitalize on the significant inflows and growing popularity of spot Bitcoin ETFs, catering to the increasing demand for leveraged exposure and hedging opportunities in the cryptocurrency market.
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2024
Mar / 27
- South Korean Investors Embrace Bitcoin ETF, Propelling It to Top Spot
- Mar 27, 2024 at 05:40 pm
- In March, South Korean investors flocked to VolatilityShares' 2X Bitcoin Strategy ETF (BITX), injecting $122 million, making it the fifth-most purchased foreign security. BITX offers exposure to Bitcoin's performance without direct ownership, appealing to investors seeking digital asset exposure. Its $834 million inflows in March pushed its assets under management to $1.47 billion. However, experts caution about the risks of leveraged ETFs like BITX, emphasizing their suitability for short-term trading due to their high volatility.
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Communtity feeds
- A sneak peek into the coins everyone’s eyeing. Who’s up top today? $HYPE () leads the pack, followed by $BERA () and $GPS (). Check out the full list
http://coingecko.com/en/highlights 
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- Mario Nawfal’s Roundtable Mar 04, 2025 at 06:51 pm
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- Mario Nawfal’s Roundtable Mar 04, 2025 at 06:33 pm
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- JackTheRippler©️ Mar 04, 2025 at 06:32 pm
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