2x Bitcoin Strategy ETF (BATS:BITX) Trading Down 0.9% – What’s Next?

2x Bitcoin Strategy ETF (BATS:BITX)’s share price dropped 0.9% during trading on Friday . The company traded as low as $27.03 and last traded at $27.67. Approximately 4,264,589 shares traded hands during trading, The stock had previously closed at $27.93.

2x Bitcoin Strategy ETF Price Performance

The firm has a 50 day moving average of $36.68 and a two-hundred day moving average of $50.26.

About 2x Bitcoin Strategy ETF

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.