Cryptocurrency Q&A
Is BITX a leveraged ETF?
Is BITX a leveraged ETF?
Nicola
Mon Dec 02 2024
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7 answers
1252
BITX is a leveraged ETF offered by Volatility Shares, specifically a 2x leveraged Bitcoin strategy ETF. It does not directly hold Bitcoin but rather seeks to provide exposure to the daily performance of the S&P CME Bitcoin futures Index, doubled. This allows investors to potentially benefit from increases in the price of Bitcoin futures contracts, while also carrying the risks associated with leveraged investments.
7 answers
ShintoBlessing
Wed Dec 04 2024
The primary objective of BITX is to deliver daily investment results.
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Sofia
Wed Dec 04 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services.
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Davide
Wed Dec 04 2024
These results are intended to reflect two times (2x) the return of Bitcoin for a single day.
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GangnamGlitzGlamourGlory
Wed Dec 04 2024
It is crucial to note that BITX aims to achieve this goal only on a daily basis.
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Giulia
Wed Dec 04 2024
The 2x Bitcoin Strategy ETF, denoted by the ticker BITX, is a unique financial instrument.
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