BitX Exchange Price

BITX is a 2x Bitcoin Strategy ETF launched by Volatility Shares, with the following main features:

1. Does not directly hold Bitcoin: BITX does not directly invest in Bitcoin, but achieves its investment goals by investing in Bitcoin futures.

2. Leverage mechanism: BITX aims to double the daily performance of the S&P CME Bitcoin futures rolling index (2x) through leverage, amplifying the returns of Bitcoin investments.

3. Trading platform: BITX is traded on the CBOE BZX exchange, allowing U.S. token traders to conveniently and liquidly gain leveraged Bitcoin exposure through traditional brokerage accounts.

4. Management fee: BITX has a management fee of 1.85%, which is higher than the 0.95% of the first Bitcoin futures ETF in the U.S., BITO.

5. Investment strategy: BITX achieves its investment objectives by investing in cash-settled Bitcoin futures and through associated subsidiaries that invest in Bitcoin futures.

6. Risks: BITX involves various risks, including the instability of the investment target, leverage risk, management risk, compounding risk, commercial information disclosure risk, liquidity risk, and counterparty risk.