2x Bitcoin Strategy ETF (NYSEARCA:BITX) Sees Strong Trading Volume – What’s Next?

2x Bitcoin Strategy ETF (NYSEARCA:BITX) saw strong trading volume on Tuesday . 4,109,730 shares changed hands during trading, a decline of 23% from the previous session’s volume of 5,302,947 shares.The stock last traded at $31.47 and had previously closed at $30.33.

2x Bitcoin Strategy ETF Trading Down 2.8 %

The firm has a 50-day moving average of $27.36 and a 200 day moving average of $35.12.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

A number of large investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in 2x Bitcoin Strategy ETF in the 2nd quarter worth $40,000. VitalStone Financial LLC boosted its holdings in 2x Bitcoin Strategy ETF by 142.3% in the first quarter. VitalStone Financial LLC now owns 1,575 shares of the company’s stock valued at $84,000 after purchasing an additional 925 shares during the last quarter. Selway Asset Management acquired a new stake in 2x Bitcoin Strategy ETF during the 1st quarter valued at approximately $399,000. Finally, Kingswood Wealth Advisors LLC increased its holdings in 2x Bitcoin Strategy ETF by 22.9% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 166,175 shares of the company’s stock worth $5,264,000 after purchasing an additional 30,991 shares during the last quarter.

2x Bitcoin Strategy ETF Company Profile

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.