2x Bitcoin Strategy ETF (BATS:BITX) Stock Price Up 1.1% – Should You Buy?

2x Bitcoin Strategy ETF (BATS:BITXGet Free Report)’s share price traded up 1.1% on Thursday . The company traded as high as $29.12 and last traded at $28.88. 8,625,231 shares were traded during mid-day trading, The stock had previously closed at $28.5590.

2x Bitcoin Strategy ETF Stock Performance

The company has a 50 day simple moving average of $30.33 and a 200 day simple moving average of $47.18.

About 2x Bitcoin Strategy ETF

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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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