- What are the top holdings of BITX?
- 2x Bitcoin Strategy ETF holds 3 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does BITX have?
- BITX holds 3 positions as reported by the fund's most recent disclosure.
- What sectors does BITX invest in?
- 2x Bitcoin Strategy ETF (BITX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is BITX most exposed to?
- BITX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is BITX a US-only fund?
- The country allocation card on this page shows BITX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does BITX invest in?
- BITX aims to provide 2x daily exposure to bitcoin futures. The fund seeks to track the price movement of bitcoin futures traded on the CME Futures Exchange for a single day. The fund buys cash-settled Bitcoin futures contracts and will roll the contracts on a monthly basis, as they near expiration. The expiring contracts are replaced with the next month contracts. The final trade date each month is the last Friday of the contract month. On day T-2 at market close, the index is 0% in the expiring futures contract and 100% in the next futures contract. Futures contracts can and often do trade in backwardation, meaning the costs of rolling contracts will reduce returns. The index itself is price weighted and does not rebalance. As a result, the return of BITX shares can vary significantly from 2x exposure, if held for longer than a day. As a geared product with daily resets, the fund is designed as a short-term trading tool and not a long-term investment vehicle.
