BITX 2x Bitcoin Strategy ETF
Trend channel, buy level and 3-month target. Information only, not financial advice.
Inside the channel · 12-month channel falling
Price is between the lines.
- 12-month channel
- US$10.70 – US$20.12 · falling, −51% a year
- Price in channel
- 58% (0% = floor, 100% = ceiling)
- Ceiling overhead
- US$20.12
- Turns bearish below
- US$10.70
What broke this trend
- The fall
- -83% from US$62.2813 Aug 2025 → 30 June 2026
- Whose problem it was
- This company1 of 51 Asset Management peers fell with it
- Does it resolve?
- Unsettled too close to a coin toss on the record to call
- Regained so far
- 11%of what it lost
- What the record says
- 35% of 15 comparable falls came back, typically in 164 days measured on its own peer group
Fell -83% (13 Aug 2025 → 30 June 2026); regained 11% so far; company-specific.
Price history, with the path projected 3 months forward
Updated 3:59 PM ET (10 h ago)
- Daily close
- Upper trend line (12 months)
- Lower trend line (12 months)
- The same lines over the last 12 months
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy now
US$16.14
last close · 2 Nov 2026
Our target
US$18.82
by 17 Nov 2026
Projected move
16.6%
gross, before costs
Last close is our buy.
Target: BITX's usual move size.
This move size: reached in 54% of 11 past stretches, typically in 10 days. (0.80% per day)
4 settled calls · 2 reached target (50%) · average best move 19.4%. See the full record.
- Upper line touches
- 2
- Lower line touches
- 3
- Fit confidence
- 41%
- Fitted
- 3 Nov 2026
Company information
About 2x Bitcoin Strategy ETF
BITX aims to provide 2x daily exposure to bitcoin futures. The fund seeks to track the price movement of bitcoin futures traded on the CME Futures Exchange for a single day. The fund buys cash-settled Bitcoin futures contracts and will roll the contracts on a monthly basis, as they near expiration. The expiring contracts are replaced with the next month contracts. The final trade date each month is the last Friday of the contract month. On day T-2 at market close, the index is 0% in the expiring futures contract and 100% in the next futures contract. Futures contracts can and often do trade in backwardation, meaning the costs of rolling contracts will reduce returns. The index itself is price weighted and does not rebalance. As a result, the return of BITX shares can vary significantly from 2x exposure, if held for longer than a day. As a geared product with daily resets, the fund is designed as a short-term trading tool and not a long-term investment vehicle.
- Sector
- Financial Services
- Industry
- Asset Management
- Country
- US
Scorecard
Our own scores from the fundamentals below (not Morningstar ratings).
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$1.48B
- Enterprise value
- —
- Beta
- 3.26
- Avg volume
- 10.18M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 10.085-67.02
- Exchange
- CBOE
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted to past swing highs and lows and may not continue. Information only, not financial advice.