BITX Historical Stock Price Data

The Fund intends to elect and to qualify each year to be treated as a RIC under Subchapter M of the Code. As a RIC, the Fund will not be subject to U.S. federal income tax on the portion of its net investment income and net capital gain that it distributes to Shareholders, provided that it satisfies certain requirements of the Code. The Fund’s use of Collateral Investments may include obligations issued or guaranteed by the U.S. Government, its agencies and instrumentalities, including bills, notes and bonds issued by the U.S. Treasury, money market funds and corporate debt securities, such as commercial paper. The table above shows some of the benefits of BITX’s daily resetting ETF structure.

• Shares are not FDIC insured, may lose value, and have no bank guarantee.
• The value of an investment in the Fund could decline significantly and without warning, including to zero.
• The table above shows some of the benefits of BITX’s daily resetting ETF structure.
• Accompanying the Anka Virtualization package which runs on macOS hardware, we provide the Build Cloud Controller & Registry.
• If you don’t want to receive email from us, simply uncheck the box at the bitx anka bottom of this form.

A simulation of BITX back to 2014 provides some data on how this Exchange Traded Fund (ETF) might perform in the future. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Must say there’s also a lovely selection at breakfast time. As of the date of this prospectus, the Fund has no operating history and currently has fewer assets than larger funds. Important Information About the FundPast performance is not necessarily indicative of future results.

• Our mission is to be the number one accelerator mining platform for miners which empowers the Bitcoin ecosystem.
• I will get into some details later in this post, but unlike some other futures types, the historical daily percentage moves of Bitcoin futures have closely tracked Bitcoin’s moves and this close correspondence is likely to continue.
• While some futures do have those characteristics, in the five years that bitcoin futures have been trading, they’ve been quite predictable, mostly driven by mundane things like interest rates.
• Leveraging a combination of custom and Apple hypervisor/virtualization technology, Anka offers enhanced performance and security.

BITX Surges as Bitcoin Hits New High

Please bear with us as we address this and restore your personalized lists. Do you have questions or require additional information? You can reach us by bitx anka filling out this form or using the contact information below. Futures generally are volatile and are not suitable for all investors.

BITX Stock Price History

Investors in the Fund should actively manage and monitor their investments, as frequently as daily. An investor in the Fund could potentially lose the full value of their investment within a single day. Instead, the Fund seeks to benefit from increases in the price of Bitcoin Futures Contracts for a single day. We use your registration information to customize and deliver additional resources via email, including company and fund news. To learn more about how we handle your personal information, read our Privacy Policy. If you don’t want to receive email from us, simply uncheck the box at the bitx anka bottom of this form.

CNBC Newsletters

For multi-day periods, BITX’s effective leverage is lower than 2X for down-trending periods, and better than 2X, sometimes dramatically, for up-trending periods. The reason for this is discussed in the next sections. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. The Fund is classified as “non-diversified” under the 1940 Act. As a result, the Fund is only limited as to the percentage of its assets which may be invested in the securities of any one issuer by the diversification requirements imposed by the Internal Revenue Code of 1986, as amended.

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. Instead, the Fund seeks to benefit from increases in the price of bitcoin futures contracts for a single day. The Fund presents different risks from other funds, may only be suitable for knowledgeable investors who understand the consequences of seeking daily (2x) investment results, including the impact of compounding on Fund performance.

BitX partners with verified mining farms to accelerate output using our BitX V2 Accelerator technology. You earn Bitcoin rewards without owning hardware, while all output distribution remain securely managed within our trusted operation. Your internet, devices, and local resources are never affected.

Bitcoin Strategy ETF

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. BitX’s flagship product, the BitX V2 Accelerator, enhances the performance of Bitcoin mining farms using its proprietary AI-powered Hash Acceleration (AIHA) protocol. This technology boosts mining output while also generating BTC for BitX V2 users. Bit-X cutting-edge technology optimize mining algorithms by enhancing hash rate efficiency, reducing redundant hash computations, and improving overall block discovery performance.

To date, the US Securities Exchange Commission (SEC) has rejected all the applications of proposed USA-based Exchange Traded Funds that directly hold Bitcoin. I will get into some details later in this post, but unlike some other futures types, the historical daily percentage moves of Bitcoin futures have closely tracked Bitcoin’s moves and this close correspondence is likely to continue. On June 27th, Volatility Shares introduced BITX, the first 2X leveraged Bitcoin Exchange Traded Fund. This post will review BITX’s architecture, operational characteristics, likely risks, possible rewards, and potential trading strategies.

S&P Global has computed values for BITX’s tracking index, SPBTFDUE, starting from late 2017, when CME Bitcoin futures started trading. The Fund has a single day investment objective, and the Fund’s performance for any other period is the result of its return for each day compounded over the period. Accelerate the mining efficiency of global large scale mining farms and share the $BTC mining output. Leveraging a combination of custom and Apple hypervisor/virtualization technology, Anka offers enhanced performance and security. It provides a simple CLI for generating Anka macOS VMs as well as tools like Packer.

It uses derivatives such as futures to create its portfolio. The fund seeks to invest in Bitcoin futures contracts through its wholly owned Cayman Islands subsidiary. For its fixed income portion, it invests in cash, cash-like instruments or high-quality securities. The fund seeks to track 2x the daily performance of the S&P CME Bitcoin Futures Daily Roll Index. Volatility Shares Trust – 2x Bitcoin Strategy ETF was formed on June 27, 2023 and is domiciled in the United States. While this index provides guidance to Volatility Shares for managing BITX’s assets, Volatility Shares does not guarantee that BITX’s mix of futures or performance will exactly track the index.

The Fund is actively managed and its performance reflects investment decisions that the Sub-Adviser and Adviser make for the Fund. Accompanying the Anka Virtualization package which runs on macOS hardware, we provide the Build Cloud Controller & Registry. Below are two of the most popular examples of how our customers set up Anka Virtualization with the Build Cloud. Bitcoin is a new technological innovation with a limited history. There is no assurance that usage of bitcoin will continue to grow. A contraction in use of bitcoin may result in increased volatility or a reduction in the price of bitcoin, which could adversely impact the value of the Fund.

This performance is not surprising given how futures really work. The popular notion of futures is that they are vehicles for wild speculation, subject to huge unpredictable swings. While some futures do have those characteristics, in the five years that bitcoin futures have been trading, they’ve been quite predictable, mostly driven by mundane things like interest rates. The value of an investment in the Fund could decline significantly and without warning, including to zero. You should be prepared to lose your entire investment within a single day. The Shares will change in value, and you could lose money by investing in the Fund.

Monday’s daily volatility is 11.6%, a bit higher than the 9% daily average, but well below the predicted 14.7%. Perhaps this shortfall is due to lower volatility during the weekends. Shares are not FDIC insured, may lose value, and have no bank guarantee. Volatility Shares, LLC is committed to protecting your privacy. If you don’t want to receive email from us, simply uncheck the box at the bottom of this form. When first introduced in late 2017, there was speculation that Bitcoin futures would not closely track Bitcoin’s daily (spot) price, but Bitcoin futures have proved to be a good proxy for Bitcoin.

You can then manage the VMs as Templates/Tags in the Anka Registry (part of the Anka Build Cloud) and push/pull to and from hosts in your macOS cluster. The chart below shows the results of the BITX simulation. The price per share is scaled such that the 26-Jun-2023 price aligns with BITX’s $15 inception price. Suggested companies are based on people’s browsing tendencies.

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’s official Net Asset Value (NAV) will ultimately be decided by the value of the assets it holds, not by SPBTFDUE’s value. Bitcoin and bitcoin futures are relatively new investments. They are subject to unique and substantial risks, and historically, have been subject to significant price volatility. The market for the bitcoin futures contracts is still developing and may be subject to periods of illiquidity.