Hollencrest Capital Management Acquires New Position in 2x Bitcoin Strategy ETF (NYSEARCA:BITX)

Hollencrest Capital Management bought a new position in shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,260 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. VitalStone Financial LLC raised its position in shares of 2x Bitcoin Strategy ETF by 142.3% in the 1st quarter. VitalStone Financial LLC now owns 1,575 shares of the company’s stock valued at $84,000 after acquiring an additional 925 shares during the period. Selway Asset Management acquired a new stake in 2x Bitcoin Strategy ETF in the first quarter worth $399,000. Finally, Kingswood Wealth Advisors LLC boosted its position in shares of 2x Bitcoin Strategy ETF by 22.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 166,175 shares of the company’s stock worth $5,264,000 after purchasing an additional 30,991 shares in the last quarter.

2x Bitcoin Strategy ETF Stock Performance

BITX opened at $28.76 on Friday. 2x Bitcoin Strategy ETF has a 12 month low of $9.98 and a 12 month high of $59.74. The company has a fifty day simple moving average of $29.38 and a 200 day simple moving average of $38.07.

2x Bitcoin Strategy ETF Company Profile

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.