2x Bitcoin Strategy ETF (BATS:BITX) Stock Price Down 0.6% – Here’s What Happened

Shares of 2x Bitcoin Strategy ETF (BATS:BITXGet Free Report) traded down 0.6% on Tuesday . The stock traded as low as $49.30 and last traded at $52.91. 10,443,150 shares were traded during trading, The stock had previously closed at $53.24.

2x Bitcoin Strategy ETF Price Performance

The stock’s 50-day moving average price is $52.82 and its 200-day moving average price is $38.05.

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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