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What is BITX?
The 2x Bitcoin Strategy ETF (BITX) seeks to provide daily investment results before fees and expenses that correspond generally to twice the performance of the S&P CME Bitcoin Futures Daily Roll Index (SPBTFDUE) for a single day not for any other period. The fund does not invest directly in bitcoin. Instead the Fund seeks to benefit from increases in the price of Bitcoin Futures Contracts for a single day. The S&P CME Bitcoin Futures Daily Roll Index is designed to measure the performance of the CME Bitcoin Futures market and is rebalanced on a daily basis between the front contract and the next month contract.
ETFs related toBITX
ETFs correlated to BITX include BITO, BTF, WGMI
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
News Related to BITX
Not All Bitcoin ETFs Are Created Equal: Here's How Structure Shapes Risk, Returns, And Taxes
May 23, 2025 • by Chandrima Sanyal
Cathie Wood Says Bitcoin Is 'More Scarce Than Gold' — Predicts M&A Surge Under Trump 2.0
Dec 20, 2024 • by Kaustubh Bagalkote
Michael Saylor Compared Bitcoin To New York Real Estate: Where Are Investors Winning The 'Endgame?'
Dec 17, 2024 • by Kaustubh Bagalkote
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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.