An exchange-traded funds issuer is trying its hand at a levered Bitcoin futures product as digital assets attempt to stage a recovery following last year’s brutal flops.
The 2x Bitcoin Strategy ETF by Volatility Shares would seek to double the performance of the S&P CME Bitcoin Futures Daily Roll Index each day, according to a filing. The fund would carry an overall expense ratio of 1.89% and would trade under the ticker BITX.
