2x Bitcoin Strategy ETF (BITX) fund
Overview
BITX is an exchange-traded fund (ETF) that seeks daily leveraged investment results of two times (2x) the daily performance of Bitcoin futures. It falls under the category of leveraged commodity ETFs and is designed for short-term trading, not long-term buy-and-hold. The fund uses swaps and futures contracts to achieve its leverage.
Within the DeFi Intel graph, 2x Bitcoin Strategy ETF (BITX) connects to 1 tracked entity, most strongly to Bitwise Asset Management.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
sub_advised_by | Bitwise Asset Management | 60% |
Frequently asked questions
What is the 2x Bitcoin Strategy ETF (BITX)?
BITX is an exchange-traded fund (ETF) that seeks daily leveraged investment results of two times (2x) the daily performance of Bitcoin futures. It is a leveraged commodity ETF designed for short-term trading, not long-term buy-and-hold.
How does BITX achieve its leverage?
BITX uses swaps and futures contracts to achieve its 2x daily leverage on Bitcoin futures performance.
Who sub-advises the 2x Bitcoin Strategy ETF?
BITX is sub-advised by Bitwise Asset Management.