Overview Dividends

(BITX) Volatility Shares Trust - Ratings and Ratios

Exchange: BATS • Country: USA • Currency: USD • Type: Etf • ISIN: US92864M3016

Bitcoin Futures, Cash, Collateral

Digital Assets TER 1.85%
AUM in USD: 1,730m
IPO / Inception: 2023-06-27
Return 12m vs S&P 500: -51.5%

Dividends

Dividend Yield 19.04%
Yield on Cost 5y 48.90%
Yield CAGR 5y 0.00%
Payout Consistency 100.0%
Payout Ratio -
Risk via 5d forecast
Volatility 96.4%
Value at Risk 5%th 152%
Relative Tail Risk -3.98%
Reward TTM
Sharpe Ratio -0.33
Alpha -65.01
CAGR/Max DD 0.76
Character TTM
Hurst Exponent 0.477
Beta 1.955
Beta Downside 1.353
Drawdowns 3y
Max DD 61.28%
Mean DD 24.86%
Median DD 23.37%

Description: BITX Volatility Shares Trust November 09, 2025

The Volatility Shares Trust – 2x Bitcoin Strategy ETF (ticker BITX) aims to deliver twice the daily return of the CME Cash-Settled Bitcoin Futures Index by allocating the bulk of its assets to cash-settled Bitcoin futures contracts traded on the Chicago Mercantile Exchange, supplemented with cash, cash-like instruments, or high-quality securities used as collateral. Because the fund employs leverage and a daily reset, its performance can diverge significantly from a simple 2× multiple of Bitcoin’s longer-term price path, and it is classified as a non-diversified ETF.

Key quantitative drivers (as of the most recent public filings, Q3 2024) include:

  • Expense ratio ≈ 0.95% annual, which erodes returns more quickly than unleveraged Bitcoin exposure.
  • Assets under management ≈ $210 million, indicating modest scale that can amplify liquidity-related price impact in the futures market.
  • 30-day implied volatility of Bitcoin futures ≈ 68%, a primary determinant of the fund’s expected return and risk; higher volatility expands the potential upside of 2× exposure but also magnifies daily compounding decay.
Assumption: these figures remain stable; however, futures market liquidity, CME open-interest trends, and regulatory actions by the CFTC could shift rapidly, altering both the fund’s cost structure and tracking error. A critical risk to monitor is the “beta-slippage” effect that arises when Bitcoin’s price moves sharply intra-day, causing the leveraged daily reset to underperform a simple 2× cumulative return over longer horizons.

For a deeper, data-driven dive into BITX’s risk-adjusted performance and how its leverage profile behaves under different volatility regimes, you may find the analytics on ValueRay worth exploring.

What is the price of BITX shares?

As of December 14, 2025, the stock is trading at USD 30.72 with a total of 7,656,140 shares traded.
Over the past week, the price has changed by +1.55%, over one month by -23.62%, over three months by -45.77% and over the past year by -44.64%.

Is BITX a buy, sell or hold?

Volatility Shares Trust has no consensus analysts rating.

What are the forecasts/targets for the BITX price?

Issuer Target Up/Down from current
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 37.7 22.9%

BITX Fundamental Data Overview December 12, 2025

Market Cap USD = 1.73b (1.73b USD * 1.0 USD.USD)
Beta = 0.0
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.73b USD (1.73b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.73b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 1.73b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 13.22% (E(1.73b)/V(1.73b) * Re(13.22%) + (debt-free company))
Discount Rate = 13.22% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)

Additional Sources for BITX ETF

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle