(BITX) Volatility Shares Trust - Ratings and Ratios

The Volatility Shares Trust -2x Bitcoin Strategy ETF (BATS:BITX) is an exchange-traded fund that aims to achieve its investment objective by investing primarily in cash-settled bitcoin futures contracts traded on the Chicago Mercantile Exchange, alongside cash, cash-like instruments, or high-quality securities used as collateral. As a non-diversified fund, it focuses on a specific investment strategy.

From a trading perspective, BITX has established key support and resistance levels. The ETF has resistance levels at $62.5 and $59.6, indicating potential selling pressure at these points. Conversely, it has support levels at $55.7, $49.4, $43.6, and $36.6, suggesting areas where buying interest may emerge. Understanding these levels is crucial for traders to make informed decisions about entry and exit points.

To further analyze BITXs performance, we can examine key performance indicators (KPIs). The funds Assets Under Management (AUM) stand at $3,003.72 million USD, indicating a significant presence in the market. Given its focus on bitcoin futures contracts, BITXs performance is closely tied to the volatility of Bitcoin. The ETFs -2x strategy implies that it aims to deliver twice the inverse return of Bitcoins daily performance, making it a potential tool for traders seeking to hedge against or speculate on Bitcoins price movements.

Evaluating BITXs trading activity, we observe that its last price was $57.54, with Simple Moving Averages (SMA) at 20-day ($61.60), 50-day ($56.62), and 200-day ($48.05) intervals. The Average True Range (ATR) of 2.78, representing a 4.84% daily volatility, suggests that the ETF experiences moderate price swings. This information is vital for traders to gauge the ETFs short-term and long-term trends, as well as its volatility.

To make informed investment decisions, its essential to consider the interplay between BITXs price movements, its underlying assets (bitcoin futures contracts), and overall market conditions. By monitoring the ETFs AUM, support and resistance levels, and volatility, investors can better navigate the complexities of this -2x Bitcoin Strategy ETF.