2x Bitcoin Strategy ETF (BATS:BITX) Stock Price Down 5.9% – What’s Next?

Posted by Alanna Baker on May 16th, 2026

2x Bitcoin Strategy ETF (BATS:BITX – Get Free Report) fell 5.9% on Friday . The stock traded as low as $19.23 and last traded at $19.52. 6,489,320 shares were traded during mid-day trading, a decline of 45% from the average session volume of 11,775,854 shares. The stock had previously closed at $20.75.

2x Bitcoin Strategy ETF Stock Down 5.9%

The firm has a fifty day moving average price of $17.36 and a two-hundred day moving average price of $24.95.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Several hedge funds and other institutional investors have recently modified their holdings of BITX. EverSource Wealth Advisors LLC raised its holdings in shares of 2x Bitcoin Strategy ETF by 203.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 52,889 shares of the company’s stock worth $1,467,000 after buying an additional 35,432 shares during the period. Jump Financial LLC purchased a new stake in shares of 2x Bitcoin Strategy ETF in the fourth quarter worth approximately $594,000. Captrust Financial Advisors raised its holdings in shares of 2x Bitcoin Strategy ETF by 128.4% in the fourth quarter. Captrust Financial Advisors now owns 12,212 shares of the company’s stock worth $339,000 after buying an additional 6,865 shares during the period. Root Financial Partners LLC purchased a new stake in shares of 2x Bitcoin Strategy ETF in the first quarter worth approximately $80,000. Finally, Kingswood Wealth Advisors LLC raised its holdings in shares of 2x Bitcoin Strategy ETF by 1.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 234,335 shares of the company’s stock worth $6,500,000 after buying an additional 2,985 shares during the period.

2x Bitcoin Strategy ETF Company Profile

(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.