BITX2X BITCOIN STRATEGY ETF
2X BITCOIN STRATEGY ETF
$17.18+11.85% today
10.326652-WK
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN
The desk’s read
Flows are quiet — the past month netted out near zero, while the price has returned -41.1% so far this year.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$1.5Bassets under management
—expense ratio
—net flow, trailing month
9.8Mavg daily volume, 30 days
3holdings · US-domiciled
2024listed February 13, 2024 · beta 3.36
Sector weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
| 1 week | +41.9% |
| 1 month | +41.1% |
| 3 months | -3.5% |
| 6 months | +13.9% |
| YTD | -41.1% |
| 1 year | -71.6% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The risk read
77%realized volatility, 30 days (annualized)
91%realized volatility, 1 year
-84.4%deepest fall from a peak, 1 year
-74.0%where it sits vs. that peak today
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
42Kcalls today
21Kputs today
0.51put/call ratio
30.1Mshares traded
The case against BITX
Due diligence cuts both ways. These funds sit on the same shelf and beat BITX on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| EWN iShares MSCI Netherlands ETF | 0.50% | $745M | +$142M | +$142M in over the month | Head-to-head |
| IBIT iShares Bitcoin Trust | 0.12% | $64.8B | — | 44× the assets | Head-to-head |
| FBTC FIDELITY WISE ORIGIN BITCOIN FUND | — | $7.8B | — | 5× the assets | Head-to-head |