BITX

2x Bitcoin Strategy ETF

Fund Description

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. The Fund is not suitable for all investors and should be used only by knowledgeable investors who understand the consequences of seeking daily leveraged (2x) investment results, including the impact of compounding on Fund performance. The Fund is intended to be used as a short-term trading vehicle. Investors in the Fund should actively manage and monitor their investments, as frequently as daily. The Fund is not intended to be used by, and is not appropriate for, investors who do not actively monitor and manage their portfolio. An investor in the Fund could potentially lose the full value of their investment within a single day. The Fund does not invest directly in bitcoin. Instead, the Fund seeks to benefit from increases in the price of bitcoin futures contracts for a single day.

Fund Documents

Fund Data & Pricing
Net Assets as of 12/20/2024 $3,338,338,767.31
NAV $56.53
Shares Outstanding 59,050,000
Premium/Discount Percentage -0.29%
Closing Price $56.37
Median 30 Day Spread 0.07%

Data as of 12/20/2024

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Fund Details
Inception Date 06/27/2023
Ticker BITX
Primary Exchange CBOE
CUSIP 92864M301
Expense Ratio 1.85%
Performance Quarter end returns as of 09/30/2024
  Avg. Annualized  
  Quarter 1 Year 3 Year Since Inception
Fund NAV -4.30% 198.21% - 111.51%
Market Price -4.19% 198.90% - 112.02%

Expense ratio: 1.85%

 

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 866.261.0273.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.  

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Distribution Detail
EX- Date Record Date Payable Date Income
05/22/2024 05/23/2024 05/24/2024 0.9677
06/25/2024 06/25/2024 06/26/2024 0.8570
07/24/2024 07/24/2024 07/25/2024 0.6838
08/28/2024 08/28/2024 08/29/2024 0.6261
09/26/2024 09/26/2024 09/27/2024 0.6299
10/29/2024 10/29/2024 10/30/2024 0.5892
11/26/2024 11/26/2024 11/27/2024 0.6090
12/16/2024 12/16/2024 12/17/2024 0.5768
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Top Holdings
% Of Net Assets Name Ticker CUSIP Shares/Contracts Market Value/Notional
179.67% CME Bitcoin Fut Jan25 BTCF5 Curncy BTCF5 CURNCY 12,425 6,074,271,875.00
20.33% CME Bitcoin Fut Dec24 BTCZ4 Curncy BTCZ4 CURNCY 1,423 687,309,000.00
99.99% Cash & Other Cash&Other CASH_USD 3,380,509,010 3,380,509,010.35

Data as of 12/23/2024. Cash & Other includes cash, other accrued assets & liabilities, & shares of money market funds that invest in U.S. government securities. Holdings are subject to change.

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