The recent trend of traders fine-tuning their exposure to leveraged crypto products has been observed in the 2x Bitcoin Strategy ETF (BITX). On May 8, BITX logged net outflows of $2.22 million, trimming a sliver of its $1.27 billion in assets under management.
This represents roughly 0.17% of AUM, indicating that investors are repositioning their exposure rather than making a wholesale exit. This level of sensitivity to volatility is not uncommon among sophisticated traders.