Stock Track | 2X BITCOIN STRATEGY ETF (BITX) Soars 9.37% as Bitcoin Surpasses $100,000 Milestone

Stock Track12-05

The 2X BITCOIN STRATEGY ETF (BITX) skyrocketed 9.37% in Thursday's intraday trading session, fueled by the historic surge in Bitcoin that pushed the world's largest cryptocurrency above the $100,000 mark for the first time.

BITX is an exchange-traded fund that provides leveraged exposure to Bitcoin, aiming to deliver twice the daily returns of the underlying digital asset. As such, the fund's performance is closely tied to the price movements of Bitcoin.

The rally in Bitcoin has been attributed to a surge in institutional adoption and growing mainstream acceptance of cryptocurrencies. Additionally, the recent U.S. election results have fueled optimism among investors, leading to a significant influx of capital into the crypto market.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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