What is a leveraged 2x ETF?

A leveraged 2x ETF allows customers to gain bitcoin exposure by only putting up half the value of the bitcoin. A prospectus filing said the ETF would correspond with the CME Bitcoin Futures Daily Roll Index.

What is 2x bitcoin strategy ETF (bitx)?

Literally. The 2X Bitcoin Strategy ETF (BITX), offered by Palm Beach Gardens, FL-based Volatility Shares, an exchange-traded fund (ETF) issuer launched in 2019 that focuses on leveraged and inverse ETFs, has surged in recent weeks to become the largest holder of bitcoin futures contracts at the Chicago Mercantile Exchange (CME).

Will bitx be the first leveraged crypto ETF?

Register Now Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) will become the first leveraged crypto ETF available in the United States after the U.S. Securities and Exchange Commission (SEC) let it go effective on Friday, an executive at the company told CoinDesk.