2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Down – What’s Next?

2x Bitcoin Strategy ETF (NYSEARCA:BITX)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $65.22, but opened at $61.85. 2x Bitcoin Strategy ETF shares last traded at $62.36, with a volume of 1,821,462 shares changing hands.

2x Bitcoin Strategy ETF Trading Up 0.3 %

The business has a fifty day moving average price of $42.96 and a 200-day moving average price of $36.24.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in 2x Bitcoin Strategy ETF in the second quarter valued at about $40,000. VitalStone Financial LLC lifted its holdings in 2x Bitcoin Strategy ETF by 128.3% in the second quarter. VitalStone Financial LLC now owns 3,595 shares of the company’s stock valued at $114,000 after acquiring an additional 2,020 shares during the period. Finally, Graypoint LLC lifted its holdings in 2x Bitcoin Strategy ETF by 23.1% in the third quarter. Graypoint LLC now owns 13,537 shares of the company’s stock valued at $386,000 after acquiring an additional 2,536 shares during the period.

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.