On September 21, 2x Bitcoin Strategy ETF rose 8.07% in pre-market trading, trading at $20.23/share, with turnover of $7.6121 million. As a 2x leveraged Bitcoin futures ETF, the fund amplified gains from a sharp rally in the underlying asset, with Bitcoin futures climbing above $78,200.

The rally was fueled by notable institutional accumulation. BlackRock withdrew 656.71 BTC (approximately $49.79 million) and 5,150 ETH (approximately $12.28 million) from Coinbase Prime, totaling around $62 million — a signal of continued demand from the world's largest asset manager. Meanwhile, a prominent on-chain whale sold 866.1 BTC worth $65.42 million and rotated into 26,924 ETH, while another address opened fresh BTC, SOL, and ETH long positions totaling $10.84 million after closing prior trades for a $1.89 million profit.

On the macro front, hedge funds significantly expanded total asset exposure in the second quarter ahead of the September rate decision, providing a supportive backdrop for risk assets including Bitcoin. Data from Coinglass indicated that a break above $79,331 could trigger approximately $17.89 billion in short liquidations across major centralized exchanges, potentially amplifying upward momentum.

The fund generally invests in Bitcoin Futures Contracts through its Subsidiary and in Collateral Investments. The index measures the performance of the return from a rolling long position in the two nearest maturing Bitcoin futures contracts trading on the Chicago Mercantile Exchange. The fund is non-diversified.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)