Bitcoin Leverage Trade Cools as 2x ETF Sees Fresh Outflows
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The 2x Bitcoin Strategy ETF, BITX, recorded outflows of $1,686,846 on January 29, 2026, a modest but notable pullback for one of the market’s more aggressive crypto-linked products. With latest assets under management standing at approximately $1.46 billion, the redemption represents about 0.12% of AUM, suggesting investors are trimming risk rather than staging a wholesale exit.
The flows arrive against a backdrop of renewed volatility in the underlying asset. The related asset, BTC-USD, is currently trading around $82,988.03, having fallen roughly 23.8% over the past three months. The 1-day technical signal for the token flashes a cautious tone at Sell, underscoring short-term bearish sentiment even as longer-term adoption narratives remain intact.
For leveraged products such as BITX, minor shifts in positioning can be amplified by sharp swings in the spot market. The latest outflow suggests some investors are locking in gains from earlier rallies or reducing exposure as momentum turns, rather than betting on an imminent rebound. Still, given the small share of AUM affected, the move looks more like tactical risk management than a structural loss of confidence in leveraged bitcoin strategies.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.