BITx - Weekly Volatility SnapshotGood Afternoon,
Here is my weekly perspective for CBOE:BITX
IV (96.75%) entering this week is holding in the 18th percent range for the year and has been climbing weekly from putting in new lows at the beginning of the year. We essentially have been seeing rising IV with rising price action, th
Key stats
About Volatility Shares Trust 2x Bitcoin Strategy ETF
Home page
Inception date
Jun 27, 2023
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Volatility Shares LLC
Distributor
Foreside Fund Services LLC
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.
Classification
Symbol
Geography
Global
What's in the fund
Exposure type
Cash
Mutual fund
Bonds, Cash & Other100.00%
Cash323.29%
Mutual fund96.34%
Miscellaneous−319.63%
Top 10 holdings
**Trade Update Post: BITx**Trying something new here for the community to follow along with me.
This is an update to my ongoing CBOE:BITX trade showing my ‘Fibonacci Triangle’ standing strong in the wake of some minor consolidation. I have highlighted by arrow during this run the last trend bounce we made before continuin
BITX — Harmonic Completion: Expression in Time for point ‘D’CBOE:BITX
I wanted to share my concept of fibonacci retracement in time with the community and why I selected the 86.6% retracement of this sell off for point ‘D’ within my harmonic structure with an exit and completion of today.
This was a 45 day sell off after the first ‘W’ price distribution
Using Historical Volatility and HarmonicsI track bi-weekly, monthly, and quarterly volatility to have a feel for how trending markets elasticity is and I weight this volatility percentage to the ever sliding IV environment and calculate an implied range for the week.
This helps me gauge the weekly candle potential.
Here you see my HV10/2
BITx Weekly PotentialVolatility, expressed through standard deviation, quantifies market elasticity and presents a level of probability and precision that humbles us all.
Now we move on to the world of BTC with a look at CBOE:BITX
Here, as we have been observing an ongoing regression, you see that HV10 has expande
The 'Fibonacci Triangle' and Historical Volatility Along with the harmonic I just posted to the community showing confluence with HV63 regression that started to take place last week, I wanted to include my 'Fibonacci Triangle' with my predictive volatility range idea.
I see HV10 (bi-weekly) resonating off HV21 (monthly) to enter the week. This wo
Bitcoin (BITX) getting ready for a parabolic move? Here is a chart of probably my favorite swing trade for the year.
I am keeping it simple with this chart though. I am a firm believer in simple when it comes to trading. I think the previous descension and breakout is playing out very similarly to the current one. Both had a double top rejecting fr
How to manage your money in a way to get out of a bull traplet's say for example you bought 50 shares of BITX (bitcoin 2X bullish) on March 07, at Pivot for $45.50, and now you along with a lot of other longs are trapped.
Each time the market rallies other bulls get out at a loss on every rally. Causing another downturn.. trapping you further.
IF Your s
BITX vs BTC Strategy and othersBITX vs BTCUSD
BITX is a 2X Leverage ETF.
What this means: % of change is multiplied by 2 both ways (+/-).
We have several ways to take advantage of this that will maximize returns, and
lower your risks.
Obviously if you keep all BTC, then you don't have additional risk nor
additional upsi
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BITX trades at 52.81 USD today, its price has fallen −2.06% in the past 24 hours. Track more dynamics on BITX price chart.
BITX net asset value is 53.91 today — it's risen 20.08% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BITX assets under management is 3.01 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BITX price has risen by 18.38% over the last month, and its yearly performance shows a 19.83% increase. See more dynamics on BITX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 20.08% over the last month, showed a 42.10% increase in three-month performance and has increased by 42.82% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 20.08% over the last month, showed a 42.10% increase in three-month performance and has increased by 42.82% in a year.
BITX fund flows account for 415.29 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BITX invests in cash. See more details in our Analysis section.
BITX expense ratio is 1.90%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, BITX is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BITX technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BITX shows the strong buy signal. See more of BITX technicals for a more comprehensive analysis.
Today, BITX technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BITX shows the strong buy signal. See more of BITX technicals for a more comprehensive analysis.
Yes, BITX pays dividends to its holders with the dividend yield of 11.72%.
BITX trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BITX shares are issued by Corpus Partners LLC
BITX follows the BTC/USD Exchange Rate - USD - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 27, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.