BITX ETF Sees $4.77M Outflows Amid Crypto Volatility

The 2x Bitcoin Strategy ETF, BITX, has seen outflows of $4.77 million on September 14th, reducing its assets under management to around $1.16 billion.

This move represents about 0.41% of AUM for the fund, which is designed to amplify Bitcoin's daily performance and often serves as a proxy for crypto sentiment.

The related asset, BTC-USD, has been trading near $76,961.77, up around 17.27% over the past three months, with a 1-day technical signal flashing 'Buy', suggesting some investors may be shifting to direct exposure rather than leveraged products.