2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Down – Should You Sell?

Posted by Trevor Kearing on Feb 4th, 2026

2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $24.77, but opened at $21.39. 2x Bitcoin Strategy ETF shares last traded at $21.71, with a volume of 7,716,711 shares changing hands.

2x Bitcoin Strategy ETF Trading Down 8.1%

The company’s fifty day moving average is $28.92 and its two-hundred day moving average is $44.58.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Several hedge funds have recently modified their holdings of the stock. Highline Wealth Partners LLC purchased a new stake in shares of 2x Bitcoin Strategy ETF during the third quarter valued at approximately $28,000. Silverleafe Capital Partners LLC lifted its stake in shares of 2x Bitcoin Strategy ETF by 13.3% in the third quarter. Silverleafe Capital Partners LLC now owns 11,373 shares of the company’s stock worth $626,000 after acquiring an additional 1,331 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in 2x Bitcoin Strategy ETF by 35.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 17,415 shares of the company’s stock valued at $941,000 after purchasing an additional 4,521 shares in the last quarter. Flow Traders U.S. LLC raised its position in shares of 2x Bitcoin Strategy ETF by 14.5% in the 2nd quarter. Flow Traders U.S. LLC now owns 37,381 shares of the company’s stock valued at $2,019,000 after purchasing an additional 4,735 shares in the last quarter. Finally, Jump Financial LLC grew its position in shares of 2x Bitcoin Strategy ETF by 89.1% during the second quarter. Jump Financial LLC now owns 77,167 shares of the company’s stock worth $4,169,000 after buying an additional 36,362 shares in the last quarter.

About 2x Bitcoin Strategy ETF

(Get Free Report)

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.