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BITX

50.42000 USD
0.15
0.30%
Last update Jun 23, 3:59 PM EDT
Market closed
Day range
46.92000
50.57500
Previous close
50.57000
Open
48.47000
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2x Bitcoin Strategy ETF
50.42
0.15
0.30%

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
Market closed

Exchange is currently closed
Pre-market opens in 2 hours 46 minutes

01:13
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).