2x Bitcoin Strategy ETF (BATS:BITX) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

2x Bitcoin Strategy ETF (BATS:BITXGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.56 and traded as high as $62.60. 2x Bitcoin Strategy ETF shares last traded at $60.19, with a volume of 9,394,719 shares traded.

2x Bitcoin Strategy ETF Price Performance

The company’s 50-day simple moving average is $38.64 and its 200-day simple moving average is $35.55.

2x Bitcoin Strategy ETF Company Profile

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The 2x Bitcoin Strategy ETF (BITX) is an exchange-traded fund that is based on the S&P CME Bitcoin Futures Daily Roll index. The fund aims to provide 2x the daily price movements of an index based on rolling front-month CME bitcoin futures. BITX was launched on Jun 27, 2023 and is managed by Volatility Shares.

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