2x Bitcoin Strategy ETF (BITX) Opens 10.8% Higher

2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report)'s share price gapped up before the market opened on Friday .

Two x Bitcoin Strategy ETF (NYSEARCA:BITX - Get Free Report) shares gapped up before markets on Friday, the firm said.

What To Know: The stock had previously closed at $32.40 but opened at $34.46.

2x Bitcoin Strategy ETF shares last traded at $35.13, with a volume of 2,219,357 shares traded.

The firm has a fifty-day moving average of $41.83 and a two-hundred day moving average of $46.55.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JBF Capital Inc. acquired a new stake in shares of 2x Bitcoin Strategy ETF during the fourth quarter valued at about $3,881,000. Jump Financial LLC boosted its position in 2x Bitcoin Strategy ETF by 8.0% during the 4th quarter. Jump Financial LLC now owns 38,852 shares of the company’s stock worth $2,011,000 after buying an additional 2,862 shares during the period. Kingswood Wealth Advisors LLC grew its holdings in 2x Bitcoin Strategy ETF by 29.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 288,112 shares of the company’s stock worth $14,910,000 after acquiring an additional 66,398 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of 2x Bitcoin Strategy ETF during the fourth quarter valued at $171,000.

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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