DRW Securities LLC Invests $4.20 Million in 2x Bitcoin Strategy ETF $BITX

DRW Securities LLC bought a new position in shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 118,439 shares of the company’s stock, valued at approximately $4,202,000. DRW Securities LLC owned approximately 0.22% of 2x Bitcoin Strategy ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Silverleafe Capital Partners LLC acquired a new stake in shares of 2x Bitcoin Strategy ETF during the first quarter worth $355,000. EverSource Wealth Advisors LLC increased its position in shares of 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 worth $457,000 after purchasing an additional 12,751 shares during the period. Finally, Jump Financial LLC increased its position in shares of 2x Bitcoin Strategy ETF by 5.0% in the first quarter. Jump Financial LLC now owns 40,805 shares of the company’s stock worth $1,448,000 after purchasing an additional 1,953 shares during the period.

2x Bitcoin Strategy ETF Stock Performance

Shares of NYSEARCA BITX opened at $50.96 on Friday. 2x Bitcoin Strategy ETF has a 52 week low of $20.91 and a 52 week high of $72.80. The stock’s fifty day moving average is $59.21 and its 200 day moving average is $50.19.

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.