Kingswood Wealth Advisors LLC Increases Stake in 2x Bitcoin Strategy ETF $BITX

Kingswood Wealth Advisors LLC grew its stake in 2x Bitcoin Strategy ETF (NYSEARCA:BITX) by 16.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 296,454 shares of the company’s stock after buying an additional 41,710 shares during the quarter. 2x Bitcoin Strategy ETF comprises 1.3% of Kingswood Wealth Advisors LLC’s portfolio, making the stock its 11th largest holding. Kingswood Wealth Advisors LLC’s holdings in 2x Bitcoin Strategy ETF were worth $16,014,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BITX. DRW Securities LLC acquired a new position in 2x Bitcoin Strategy ETF in the first quarter valued at approximately $4,202,000. EverSource Wealth Advisors LLC boosted its holdings in 2x Bitcoin Strategy ETF by 8,916.8% in the first quarter. EverSource Wealth Advisors LLC now owns 12,894 shares of the company’s stock valued at $457,000 after purchasing an additional 12,751 shares in the last quarter. Silverleafe Capital Partners LLC purchased a new stake in 2x Bitcoin Strategy ETF in the first quarter valued at approximately $355,000. Jump Financial LLC lifted its stake in 2x Bitcoin Strategy ETF by 5.0% in the first quarter. Jump Financial LLC now owns 40,805 shares of the company’s stock valued at $1,448,000 after buying an additional 1,953 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new stake in 2x Bitcoin Strategy ETF in the second quarter valued at approximately $78,000.

2x Bitcoin Strategy ETF Trading Up 4.3%

Shares of NYSEARCA BITX opened at $66.08 on Tuesday. 2x Bitcoin Strategy ETF has a twelve month low of $24.23 and a twelve month high of $72.80. The stock has a 50 day moving average of $57.64 and a two-hundred day moving average of $52.62.

2x Bitcoin Strategy ETF 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.