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What is the 2x bitcoin strategy ETF (bitx)?

The 2x Bitcoin Strategy ETF (Ticker: BITX) is a leveraged Bitcoin-linked ETF that seeks to provide daily investment results, before fees and expenses, that correspond to two times (2x) the return of Bitcoin for a single day, not for any other period. The Fund presents different risks than other types of funds.

How does bitx invest in bitcoin futures contracts?

It will invest in Bitcoin Futures Contracts through its Subsidiary and Collateral Investments. The Fund seeks to benefit from increases in the price of Bitcoin Futures Contracts for a single day. BITX | A complete 2x Bitcoin Strategy ETF exchange traded fund overview by MarketWatch.

Is a new bitcoin ETF risky?

Cryptocurrencies A New Bitcoin ETF Is Risky—and Declares It. A Scary Warning. GBTC, BITX, or BTOP: Which Crypto ETF is the Most Attractive Pick? The Fund seeks daily investment results, before fees and expenses, that correspond to twice the daily performance of the Index.

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