2x Bitcoin Strategy ETF (BATS:BITX) Stock Price Up 12.6% – Still a Buy?

2x Bitcoin Strategy ETF (BATS:BITXGet Free Report)’s share price shot up 12.6% during trading on Wednesday . The company traded as high as $32.34 and last traded at $31.47. 13,926,333 shares were traded during trading, The stock had previously closed at $27.95.

2x Bitcoin Strategy ETF Stock Up 4.2%

The company’s 50 day moving average price is $45.99 and its 200 day moving average price is $53.30.

About 2x Bitcoin Strategy ETF

(Get Free Report)

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.

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