2x Bitcoin Strategy ETF

BITX aims to provide 2x the daily price movements of an index based on rolling front-month CME bitcoin futures.

ProShares Ultra Bitcoin ETF

Direxion Daily Cloud Computing Bull 2X Shares

Direxion Daily Electric & Autonomous Vehicles Bull 2X Shares

MicroSectors Gold Miners 3X Leveraged ETN

Direxion Daily S&P 500 High Beta Bull 3X Shares

Direxion Daily Gold Miners Index Bull 2X Shares

MicroSectors Gold 3X Leveraged ETN

Direxion Daily TSLA Bull 1.5X Shares

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs: 11/24/2024

ProShares Ultra Bloomberg Natural Gas

Defiance Daily Target 2X Long MSTR ETF

YieldMax MSTR Option Income Strategy ETF

These leveraged ETFs returned more than 25% last week against the broader market return of 1.6%.

5 Leveraged ETFs of Last Week That Gained More Than 25%

ARK 21Shares Bitcoin ETF

iShares Bitcoin Trust

Last week was moderate for the broader market indexes but was a winning one for bitcoin, artificial intelligence (AI) and gold.

Winning ETFs in Focus on Bitcoin, AI & Gold's Dream Run Last Week

ProShares UltraShort Nasdaq Biotechnology

GraniteShares 1.5x Long COIN Daily ETF

MicroSectors Gold -3X Inverse Leveraged ETN

Direxion Daily Gold Miners Index Bear 2X Shares

MicroSectors Gold Miners 3X Inverse Leveraged ETN

Direxion Daily Junior Gold Miners Index Bear 2X Shares

Direxion Daily S&P Biotech Bear 3X Shares

Direxion Daily Semiconductor Bear 3x Shares

Top Performing Leveraged/Inverse ETFs: 11/17/2024

Direxion Daily Regional Banks Bull 3X Shares

MicroSectors Travel 3X Leveraged ETN

The appeal for leveraged and inverse-leveraged ETFs is on the rise amid uncertainty as these fetch outsized returns on quick market turns in a short span.

Best Leveraged or Inverse ETFs Midway in Q4

Bitcoin's long-term potential is driven by unstable modern monetary policies, making it a strong hedge against fiat currency weaknesses. The 2x Bitcoin Strategy ETF is highly volatile and risky due to its 2x leverage, high expense ratio, and futures contango, making it unsuitable for long-term holding. Short-term speculation with BITX is possible, but sophisticated investors should consider direct futures, while unsophisticated investors should consider simpler ETFs.

2x Bitcoin Strategy ETF: A Sophisticated Tool

ProShares Short Bitcoin Strategy ETF

ProShares Bitcoin Strategy ETF

Bitwise Crypto Innovators ETF

Siren Nasdaq NexGen Economy ETF

Amplify Transformational Data Sharing ETF

STKD Bitcoin & Gold ETF

Fidelity Wise Origin Bitcoin Fund

Grayscale Bitcoin Trust

SPDR Galaxy Transformative Tech Accelerators ETF

Bitcoin has had its highs and lows when it comes to investor interest (and its prices). But lately, interest has remained relatively high, and bitcoin prices have now reached over $70,000.

A Look Back at Crypto ETFs

Bitcoin's flash-crash in early August was followed by a strong recovery, the 2x leveraged ETF BITX more than doubled Bitcoin's performance over that time. September has historically been a poor month for Bitcoin, with only a 30% chance of positive returns and an average decline of 5.8%. More importantly, investment demand for BTC has been robust this year with over $20 billion in YTD capital flows into the asset.

BITX: Rate Cuts Could Disappoint BTC Bulls

MicroSectors FANG & Innovation -3X Inverse Leveraged ETN

ProShares Ultra Ether ETF

Proshares Ultrashort Semiconductors

2x Long VIX Futures ETF

ProShares Ultra VIX Short-Term Futures ETF

These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs: 07/21/2024

BMO REX MicroSectors FANG+ Index 3X Leveraged ETN

T-Rex 2X Long NVIDIA Daily Target ETF

ProShares UltraPro QQQ

ProShares Ultra Semiconductors

We highlight a bunch of the best-performing leveraged equity ETFs from different corners of the market that are leaders in their segments for the first half.

5 Best-Performing Leveraged ETFs of 1H

BITX aims to provide investors with 2x the daily performance of Bitcoin futures through leveraged exposure, making it suitable for short-term trading but risky due to potential losses. Its 1.85% expense ratio and high risk underscore the need for active management and monitoring. Complexities, costs, and the BITX risk profile suggest alternative investments like MSTR or spot ETFs such as GBTC offer better long-term investments.

Why BITX Falls Short: A Sell Recommendation Based On Risk, Cost, And Performance Analysis

iShares MSCI Malaysia ETF

iShares MSCI Taiwan ETF

iShares iBoxx High Yield Corporate Bond ETF

SPDR Bloomberg High Yield Bond ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF

iPath S&P 500 VIX Short-Term Futures ETN Class A

Utilities Select Sector SPDR Fund

Over the last month, the top ten most shorted ETFs have attracted Inflows of $5.6B. As equity markets in the US continue to set record highs, investors appear to expect the bull market to continue. ETF flow data and securities finance short interest data remain key to understanding investor behavior.

Top 10 Most Shorted ETFs Still Attract Inflows

ProShares Ultra Silver

GraniteShares 1.75x Long BABA Daily ETF

Direxion Daily CSI China Internet Index Bull 2X Shares

Direxion Daily Junior Gold Miners Index Bull 2X Shares

AXS 2x Innovation ETF

ProShares Ultra FTSE China 50

Direxion Daily FTSE China Bull 3X Shares

Top Performing Leveraged/Inverse ETFs: 05/19/2024

ProShares UltraShort Bloomberg Natural Gas

Direxion Daily MSCI Mexico Bull 3X Shares

Bank of Montreal - MicroSectors U.S. Big Oil Index 3X Leveraged ETNs

ProShares Ultra Utilities

Direxion Daily Utilities Bull 3X Shares

MicroSectors Energy 3X Leveraged ETN

Top Performing Leveraged/Inverse ETFs: 03/31/2024

AdvisorShares MSOS 2x Daily ETF

U.S. stocks are on track to post strong gains for the first quarter. Fed rate cut bets, stronger earnings, and the continued AI boom continue to fuel the rally in the stock market.

5 Best Leveraged ETFs of the First Quarter of 2024

MicroSectors U.S. Big Banks Index 3X Leveraged ETN

MAX Auto Industry 3X Leveraged ETN

The U.S. stock market is on track for its fifth consecutive month of gains, with the major bourses reaching a new all-time high last week.

5 Top-Performing Leveraged ETFs of March

Global X Artificial Intelligence & Technology ETF

Global X Robotics & Artificial Intelligence ETF

Amplify Seymour Cannabis ETF

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

AdvisorShares Pure US Cannabis ETF

Global X U.S. Infrastructure Development ETF

Roundhill Cannabis ETF

JPMorgan Sustainable Infrastructure ETF

iShares Emerging Markets Infrastructure ETF

SPDR S&P Global Infrastructure ETF

AGF Global Infrastructure ETF

iShares US Infrastructure ETF

Invesco AI and Next Gen Software ETF

Legg Mason Global Infrastructure ETF

iShares Robotics & Artificial Intelligence Multisector ETF

Subversive Cannabis ETF

Amplify Alternative Harvest ETF

Amplify US Alternative Harvest ETF

FlexShares STOXX Global Broad Infrastructure Index Fund

First Trust Alerian US NextGen

Vaneck Green Infrastructure ETF

First Trust Nasdaq Artificial Intelligence & Robotics ETF

Robo Global Artificial Intelligence ETF

Cambria Cannabis ETF

ProShares DJ Brookfield Global Infrastructure ETF

Themes Generative Artificial Intelligence ETF

Wisdomtree Artificial Intelligence And Innovation Fund

AdvisorShares Pure Cannabis ETF 

Bitwise Bitcoin ETP Trust

Valkyrie Bitcoin Fund

Invesco Galaxy Bitcoin Etf

WisdomTree Bitcoin Fund

Franklin Bitcoin ETF

VanEck Bitcoin Trust

As the first quarter comes to a close, clearly, there have been some thematic winners in terms of flows and investment performance. Artificial Intelligence AI-themed ETFs remain among the top recipients of investor flows this year.

ETF Themes That Dominated in Q1 2023

Contango and backwardation are important concepts for commodity traders, reflecting price differences for delivery in different periods. The 2X Bitcoin Strategy ETF applies these concepts to Bitcoin futures, allowing investors to profit from the price spreads between different delivery months. BITX has seen significant liquidity and success as an arbitrage product, but it's only suitable for professional traders with experience in cash and carry arbitrage.

BITX: A Leveraged Instrument With A Twist

GraniteShares 2x Long NVDA Daily ETF

AXS TSLA Bear Daily ETF

Direxion Daily TSLA Bear 1X Shares

Top Performing Leveraged/Inverse ETFs: 03/10/2024

MicroSectors FANG & Innovation 3X Leveraged ETN

Direxion Daily S&P Biotech Bull 3X Shares

Direxion Daily Semiconductor Bull 3x Shares

Top Performing Leveraged/Inverse ETFs: 03/03/2024

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN

Direxion Daily Pharmaceutical & Medical Bull 3X Shares

Direxion Daily Technology Bear 3X Shares

Top Performing Leveraged/Inverse ETFs: 02/18/2024

Coinbase

Aberdeen Standard Physical Palladium Shares ETF 

Simplify Interest Rate Hedge ETF

Wall Street was downbeat last week as evident due to rising rates.

3 Top-Performing ETF Areas of Last Week

Direxion Daily CSI 300 China A Share Bull 2X Shares

ProShares Ultra Nasdaq Cybersecurity

Top Performing Leveraged/Inverse ETFs: 02/11/2024

Bitwise Bitcoin Strategy Optimum Roll ETF

Global X Blockchain & Bitcoin Strategy ETF

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF

Valkyrie Bitcoin Strategy ETF

Hashdex Bitcoin ETF

Amplify Inflation Fighter ETF

Simplify Bitcoin Strategy PLUS Income ETF

Invesco Alerian Galaxy Crypto Economy ETF

Valkyrie Bitcoin Miners ETF

Vaneck Bitcoin Strategy ETF

By Cinthia Murphy Research is often a collective effort. This week, we wanted to highlight some interesting work we've come across from our friends in the industry – our midsummer reading list, if you will.

Must Reads On Bitcoin, Options & SPY Returns

Grayscale Investments' global head of ETFs David LaValle spoke about the firm's push to convert its Grayscale Bitcoin Trust (GBTC) into an ETF at Exchange 2023.

NYSE's ETF Leaders: Grayscale Investments' David LaValle

News for 2x Bitcoin Strategy ETF ETF (BITX)