(BTCZ) T-Rex 2X Inverse Bitcoin - Ratings and Ratios

The T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) is designed to deliver 200% inverse daily exposure to Bitcoin. It achieves this by primarily investing in swap agreements, which are derivative contracts that allow the fund to gain inverse exposure without directly holding Bitcoin. The fund allocates at least 80% of its net assets (plus borrowings for investment purposes) to these swap agreements under normal market conditions. As a non-diversified fund, it can concentrate its investments in a smaller number of securities or strategies, which may amplify risk and return potential.

Category: Trading--Miscellaneous

Ticker Symbol: BTCZ

Exchange: BATS

Type: ETF

Country Origin: USA

Based on the provided data, BTCZ is trading at $6.67 with a 20-day average volume of 621,350 shares. The funds short-term trend, as indicated by its 20-day SMA of $5.98, suggests recent price strength. However, the 50-day SMA of $5.47 and 200-day SMA of $11.96 highlight a broader downtrend. The ATR of 0.51 indicates moderate volatility.

Over the next three months, BTCZ is likely to remain under pressure due to the broader weakness in Bitcoin prices, as evidenced by the 200-day SMA of $11.96 being significantly above the current price. The funds small AUM of $3.95M may also lead to liquidity challenges, potentially amplifying price swings. However, the 20-day SMA of $5.98 and 50-day SMA of $5.47 suggest near-term support levels that could limit downside. The ATR of 0.51 points to moderate volatility, with potential price swings of 7-10% in either direction.