BITX Investors Face Stunning 33% Loss as Futures Contango Widens

Quick Read 2x Bitcoin Strategy ETF (BITX) fell 33% in the past week as Bitcoin dropped 16%. Daily reset mechanisms amplified the decline. BITX is down 40% year to date while Bitcoin declined only 20%. The fund uses futures contracts that create roll costs through contango. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. 2x Bitcoin Strategy ETF (NYSEARCA:BITX) delivers twice the daily price movement of ...