2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $42.28, but opened at $41.05. 2x Bitcoin Strategy ETF shares last traded at $41.96, with a volume of 576,267 shares trading hands.
2x Bitcoin Strategy ETF Trading Down 3.2 %
The firm’s fifty day moving average is $45.79 and its 200-day moving average is $29.55.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in BITX. Selway Asset Management acquired a new position in 2x Bitcoin Strategy ETF during the first quarter worth about $399,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of 2x Bitcoin Strategy ETF in the fourth quarter valued at approximately $470,000. Finally, Graypoint LLC acquired a new stake in shares of 2x Bitcoin Strategy ETF in the fourth quarter valued at approximately $572,000.
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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