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BITX

62.55000 USD
3.81
5.74%
Last update Jul 15, 3:59 PM EDT
Pre-market
Day range
61.81000
64.91000
Previous close
66.36000
Open
64
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2x Bitcoin Strategy ETF
62.55
3.81
5.74%

Overview

Description

The 2x Bitcoin Strategy ETF is a type of exchange-traded fund that seeks to provide leveraged exposure to Bitcoin's price fluctuations. Specifically, this ETF aims to deliver twice the daily return of Bitcoin, making it suitable for investors looking to maximize short-term gains from Bitcoin's movements. It achieves this by using financial instruments such as derivatives, including swaps and futures contracts, rather than holding Bitcoin directly. This fund, therefore, plays a vital role for those looking for amplified exposure to the cryptocurrency market without the need for direct ownership of digital coins. By focusing on leverage, the ETF specifically targets traders and investors who have a high risk tolerance and are seeking potent opportunities within the volatile realm of cryptocurrencies. The introduction of such specialized financial products underscores the growing recognition of cryptocurrencies within mainstream financial markets, offering more traditional instruments to navigate this emerging asset class. It is instrumental in providing structured access to Bitcoin's potential price volatility, aiding in expanding the participation and diversification strategies of institutional and retail investors alike.

About

Address
Phone
Website
Instrument type
ETF
Country
United States
MIC code
BATS
Pre-market

Exchange is currently open for pre-market.
Main market opens in 3 hours 53 minutes

05:36
00:00
09:30
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).