Volatility Shares 2x Bitcoin Strategy ETF (BTXX)

2x leveraged daily Bitcoin futures ETF (not spot/physical Bitcoin) from Volatility Shares – seeks 2x the daily return of Bitcoin via CME futures.

Important Disclaimer: This is a **leveraged futures-based ETF** that resets daily and uses compounding. It is **not** a spot Bitcoin ETF (no direct/physical Bitcoin holdings). It carries significantly higher risk/volatility than spot products like IBIT or FBTC. Suitable only for very short-term, experienced traders. Long-term holding can lead to substantial deviation from 2x Bitcoin performance due to daily reset and volatility decay.

Key Facts

Issuer	Volatility Shares
Ticker	BTXX (Cboe BZX)
Expense Ratio	1.85% (net)
Approx. AUM	$980M
Type	Leveraged 2x Daily Bitcoin Futures (not spot)
Inception	June 27, 2023
Official Site	Volatility Shares BTXX Page

Composition / Holdings

BTXX seeks 2x daily leveraged exposure to Bitcoin via CME Bitcoin futures contracts (no direct spot Bitcoin).

Asset Type	Percentage (Approximate)	Description
CME Bitcoin Futures	~200% effective exposure	Cash-settled Bitcoin futures contracts (daily reset for 2x leverage)
Cash & Collateral	Balance	U.S. Treasuries/cash equivalents to support leveraged positions

Leveraged futures product only – subject to daily compounding, volatility decay, and high tracking error over periods longer than one day.

Net Inflows & Outflows

Historical daily/weekly net flows (highly volatile due to leverage and Bitcoin market swings).

Performance Overview

Amplified daily returns vs. Bitcoin spot (due to 2x leverage; extreme volatility/compounding effects).

ESG & Sustainability Metrics

Estimated ESG ratings (limited applicability for leveraged futures products).

Pros

Provides 2x amplified daily exposure to Bitcoin price moves
High liquidity and trading volume for a leveraged product
Useful for very short-term traders seeking magnified returns
No need for direct crypto wallet/futures account

Cons

**Not spot Bitcoin** – uses futures with daily reset/compounding decay
High expense ratio (1.85%) + extreme volatility/loss potential
Significant risk of loss (can exceed 2x downside in a single day)
Not suitable for long-term holding (severe decay risk)

How to Buy BTXX

Available on major U.S. brokers including Fidelity, Charles Schwab, Vanguard, Robinhood, eToro, Interactive Brokers, and more. Search ticker BTXX. **Use extreme caution** – this is a high-risk leveraged product.

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Not financial advice. Leveraged ETFs like BTXX involve extreme risk, including potential for total loss in short periods due to volatility, compounding, and daily resets. Investments carry high risk of principal loss. Data approximate and subject to change; always verify with official sources and understand the product before investing.