The first leveraged Bitcoin futures ETF in the United States, the Volatility Shares’ 2x Bitcoin Strategy ETF (BITX), had higher-than-average trading volumes on its first day but fell short compared to the first bitcoin futures ETF launched in 2021. BITX saw day-one trading volumes of approximately $5.5 million. However, its volumes were only about 0.5% of the first US ETF to hold bitcoin futures contracts, the ProShares Bitcoin Strategy ETF (BITO). Despite this, BITX’s first-day trading volume was favorable compared to another bitcoin futures fund that launched in 2021. Some experts cautioned against investing in leveraged ETFs like BITX due to their potential for erratic returns.
AI Sentiment: Neutral
