Tesla
Dividend Calendar
Stock Rankings
ETF Rankings
Crypto Rankings
4.0
Volatility Shares 2x Bitcoin Strategy ETF (BITX) is an exchange-traded fund designed to provide leveraged exposure to the Bitcoin market through regulated futures contracts. The ETF is managed by Volatility Shares and trades under the ticker BITX on the Cboe BZX Exchange.
Classified as an actively managed strategy ETF, BITX seeks to achieve results that correspond to twice the daily performance of an index based on Bitcoin futures, before fees and expenses.
The fund does not directly hold Bitcoin. Instead, it obtains exposure through Bitcoin futures contracts traded on regulated exchanges. The strategy involves daily leverage and continuous position adjustments to maintain the targeted exposure multiple.
BITX seeks to deliver twice the daily performance of the S&P CME Bitcoin Futures Daily Roll Index, which reflects the performance of Bitcoin futures contracts using a systematic roll methodology.
The portfolio consists primarily of Bitcoin futures contracts and may include cash or cash equivalents for operational and liquidity management purposes. Exposure is adjusted on a daily basis in line with the fund’s leveraged strategy.
Diversification and sector exposure
BITX provides concentrated exposure to the digital asset market through financial derivatives. The portfolio includes:
- Bitcoin futures contracts.
- Financial instruments linked to digital assets.
- Cash holdings for operational purposes.
The structure reflects a strategy designed to amplify the daily price movements of the Bitcoin futures market.
Structure and costs
BITX shares trade on the secondary market on the Cboe BZX Exchange throughout the regular trading session. Creation and redemption of shares occur through authorized participants, helping maintain alignment between market price and net asset value.
The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. BITX does not distribute income, as its strategy is exclusively focused on the daily price variation of the futures contracts it holds.
History and evolution of the ETF
Volatility Shares 2x Bitcoin Strategy ETF was launched in 2023 amid the expansion of digital asset-related financial products and increased institutional participation in cryptocurrency derivatives markets.
Since inception, BITX has become part of the group of daily leveraged ETFs providing exposure to Bitcoin through regulated futures contracts.
In recent years, the fund has reflected the high volatility characteristic of digital asset markets and the continued development of the Bitcoin futures market, while maintaining its daily leveraged methodology and operational structure.
