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Beacon

BITX2x Bitcoin Strategy ETF

Take a bet3y track recordRanked #116 of 949 in this goal

Seeks daily investment results that correspond to 2x the return of bitcoin for a single day.

By Volatility Shares Trust · Launched 2023

Annual Cost

2.75%

#5,821 of 5,854 · expensive

Fund Size

$787M

#1,273 of 5,854 · large

Return (1Y)Goal

-79.5%

Track Record

3 years

#2,980 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$2,062-79.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Cryptocurrency

Strategy

Leveraged

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

TREASURY BILL
231.6%
US Bank Money Market Deposit Account
36.1%
N/ABTCJ6
-0.4%
N/ABTCH6
-15.1%
Marex
-229.1%

Asset allocation

Other
203.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
88.2%High

Year-on-year price swings

Max drawdown
-83.4%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.50Below average
Sortino (3Y)
0.74Moderate downside risk

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks daily investment results that correspond to 2x the return of bitcoin for a single day.
Strategy
Invests primarily in Bitcoin Futures Contracts to achieve 2x daily exposure to bitcoin. The Fund does not invest directly in bitcoin but seeks to benefit from increases in the price of Bitcoin Futures Contracts for a single day.
Inception date
June 27, 2023
Fund family
Volatility Shares Trust

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03