Why buy BITX?

The primary objective of this fund is straightforward: to mirror and multiply Bitcoin's daily returns by a factor of two. This strategy aims to capitalize on the cryptocurrency's volatility, offering investors the potential for enhanced gains.

To achieve this objective, BITX employs a sophisticated mechanism involving the rolling of Bitcoin futures contracts. This process involves transitioning from one futures contract to another, ensuring continuous exposure to Bitcoin's price movements.

Specifically, BITX daily rolls its holdings from the sooner-to-expire month one futures contract (M1) to the longer-to-expire month two futures contract (M2). This strategy helps mitigate the impact of contango or backwardation in the futures market, maintaining the fund's alignment with Bitcoin's underlying price trends.

By leveraging futures contracts, BITX provides investors with a convenient and accessible way to gain exposure to Bitcoin's price movements, without the need to directly own or store the cryptocurrency.

BITX, an innovative financial instrument, is designed as a 2X Leveraged ETF, catering to investors seeking amplified exposure to Bitcoin's daily performance.