Leveraged Bitcoin ETF Takes Lead With $2.4 Billion in Assets

A VolatilityShares’ leveraged fund has become the largest futures-based Bitcoin ETF as investors are more willing to take risks to achieve quick returns.

Its 2X Bitcoin Strategy ETF (ticker: BITX) topped $2.4 billion in total assets and hit record trading volume of nearly $627 million on Wednesday – overtaking $2.2 billion ProShares Bitcoin ETF (ticker: BITO) for the top spot, a position it has held since the fund’s debut in 2021. The surge comes amid a risk-on rally fueled by Donald Trump’s victory in the presidential election.

“These leveraged ETFs are generally preferred by traders whose strategies ...