ETF overview
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.
Fund facts
- Leverage
- 2x daily
- Expense ratio
- 2.75%
- Fund assets
- 1.22B USD (all share classes)
- Issuer
- Volatility Shares
- Inception date
- Jun 27, 2023
- Number of holdings
- 2
Holdings (2)
| Name | Ticker | Exposure |
|---|---|---|
| CME Bitcoin Fut Nov26 | 134.84% | |
| CME Bitcoin Fut Oct26 | 63.17% |
This is a leveraged or inverse fund. Exposure is each position's value as a share of the fund's net assets, so swaps and futures can take it above 100% or below 0%. Cash held as collateral is not listed.
Historical returns do not guarantee future returns. This is not investment advice.
- Leverage
- 2x daily
- Expense ratio
- 2.75%
- Fund assets
- 1.22B USD (all share classes)
- Issuer
- Volatility Shares
- Inception date
- Jun 27, 2023
- Number of holdings
- 2
| Name | Ticker | Exposure |
|---|---|---|
| CME Bitcoin Fut Nov26 | 134.84% | |
| CME Bitcoin Fut Oct26 | 63.17% |
This is a leveraged or inverse fund. Exposure is each position's value as a share of the fund's net assets, so swaps and futures can take it above 100% or below 0%. Cash held as collateral is not listed.
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.
Unlock all ETF data
Sign up for FreeUnlock all ETF data
Sign up for Free