Bitcoin's wild price swings have long been both an opportunity and a challenge for investors. But what if there was a way to potentially  double  your investment gains without injecting more capital? Enter 2X leveraged Bitcoin ETFs  , a high-powered approach that allows investors to magnify their exposure to Bitcoin’s daily movements without directly buying more Bitcoin.

Investors looking to maximize their returns with a traditional brokerage account, these funds provide a unique way to enhance profits while managing risk effectively. Below, we dive into three of the top 2X leveraged Bitcoin ETFs available today.

Understanding 2X Leveraged Bitcoin ETFs

A leveraged ETF aims to amplify the daily returns of an underlying asset—in this case, Bitcoin. If Bitcoin rises 5% in a day, a 2X leveraged Bitcoin ETF could return 10%  . However, if Bitcoin drops by 5%, the ETF would fall 10% in value. This daily resetting nature makes these funds a powerful short-term trading tool but also introduces additional risks due to compounding effects over longer holding periods.

There's several options, and you may initially think - they're all 2X Bitcoin ETF, so they all perform the same - but that isn't the case. Each has small differences in how they operate, and thus, how they perform.  Here's the rundown:

BTCL – T-Rex 2X Long Bitcoin Daily Target ETF  

How It Works: BTCL achieves 2X daily exposure to Bitcoin prices by investing in swap agreements with major financial institutions.

- Key Feature: Aims to provide 200% of the daily return of Bitcoin’s price movements.

- Who It’s For: Traders seeking an aggressive short-term position on Bitcoin’s price fluctuations.

- Risk Factor: Higher volatility due to the use of swap agreements, making it ideal for those who can actively manage their position.

BITU – ProShares 2X Bitcoin ETF  

How It Works: BITU delivers twice the daily performance of Bitcoin without requiring direct ownership of Bitcoin or dealing with leverage-related costs.

- Key Feature: It can be bought and sold through a traditional brokerage account  , making it highly accessible.

- Who It’s For: Investors looking for a simple way to gain leveraged Bitcoin exposure without complex futures contracts.

- Risk Factor: As with any 2X ETF, daily rebalancing means returns can diverge from expectations over longer periods due to compounding effects.

BITX – Volatility Shares 2X Bitcoin ETF  

How It Works: BITX tracks 200% of Bitcoin’s daily movement through futures contracts, adjusting daily to maintain leverage.

- Key Feature: Uses a rolling futures strategy to maintain exposure and accommodate investor inflows and outflows.

- Who It’s For: Investors familiar with futures trading who want a leveraged position in Bitcoin without direct futures contract management.

- Risk Factor: The reliance on rolling futures could lead to costs from  contango  (when futures prices exceed spot prices), impacting returns.

Is a 2X Bitcoin ETF Right for You?  

Leveraged Bitcoin ETFs are best suited for traders and investors who want to maximize gains on short-term Bitcoin movements without tying up extra capital. These funds are designed for those who understand the risks of amplified losses and are comfortable with market volatility.

Additionally, they require active monitoring and rebalancing to maintain optimal exposure. Investors who prefer to trade Bitcoin through a traditional brokerage account rather than directly purchasing and holding the cryptocurrency may find these ETFs a convenient alternative.

Final Thoughts: The Power of Smart Leverage  

2X leveraged Bitcoin ETFs offer a strategic way to potentially double their investment without adding more capital. However, they require active management  , a clear understanding of leveraged ETF mechanics, and a tolerance for volatility. By choosing the right ETF—BTCL, BITU, or BITX—investors can harness Bitcoin’s price movements for greater gains while navigating market risks intelligently.

Remember: Leverage works both ways, so while profits can double, losses can too. Approach with caution and a clear investment strategy.

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Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News

In a move that would've seemed wild just a few years ago, over a dozen states are seriously considering holding Bitcoin reserves as part of their fiscal strategy.

It began when Trump, not yet elected and on the campaign trail, mentioned the idea as part of his plan to make the US the 'crypto capital of the world'.  Since taking office, one of the executive orders he signed on the first day created the committee to propose new regulations, and to look into the creation of a national cryptocurrency stockpile.

Looking to capitalize on the creation of a Federal Bitcoin Reserve, 15 states have either passed or introduced state-wide Bitcoin reserve bills, including Alabama, Arizona, Florida, Kentucky, Massachusetts, Montana, New Hampshire, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Texas, Utah, and Wyoming. Pennsylvania was the first to propose it, in a bill in November of last year. 

What Exactly is a Bitcoin reserve?

A Bitcoin reserve is basically a stash of Bitcoin owned and managed by a government, much like how many countries hold gold, silver, gems, or oil reserves.

The reasoning behind it - the most basic fundamental of investing; diversifying your investments. Like gold, Bitcoin has shown itself to be a hedge against inflation. When the dollar loses value, people look for alternative ways to store their wealth, ideally somewhere it isn't losing value.  In every major economic downturn, you'll see the charts for gold on the rise, and more recently, Bitcoin.  Earning the nickname 'digital gold' for this reason. 

How Exactly Would the State or Federal Government Acquire Bitcoin?

So far, proposals have included selling a portion of existing reserves, and using that to purchase Bitcoin. Other proposals involve changes to the State's annual budgets where they would reallocate funds, for example, lawmakers in Oklahoma, New Hampshire, and Pennsylvania have proposed that up to 10% of public funds on a temporary basis until a set goal is reached. 

Other states believe their residents who are crypto fans would be willing to donate some of theirs, just to show their support for the concept. 

Lastly, Texas has floated the idea of allowing residents to pay taxes and fees in Bitcoin, and these  payments would go directly into a state reserve, where it couldn't be touched for 5 years. 

How Would this Effect the Market Overall?  

All analysis seems to conclude that this would trigger a significant spike, with a combo of factors working together in a way that could only send the price up.  There is a record number of wallets owned by investors who buy Bitcoin and hold it, leaving it untouched no matter what the market is doing. Then there's the growing number of companies with Bitcoin on their balance sheet.

This means governments, companies, and individuals would be holding Bitcoin for the long haul, with no intent to sell anytime soon. Now factor in that there is only 20 million Bitcoins in circulation, and an estimated 6 million of those sit in wallets where the owner lost the key to access them (many from the early days when Bitcoin was worth a few cents, people didn't carefully backup the key to wallets holding thousands of Bitcoin)

Now imagine with this: Those who hold Bitcoin aren't looking to sell,  limited supply of Bitcoin available, dozens of countries follow the US's lead and begin creating Bitcoin reserves of their own. If those holding Bitcoin aren't willing to sell, there's only one option left - change their mind by offering more. Some are citing this as the path to a $1M Bitcoin price, and while I think that number may be unrealistically high, I do agree it's the path to set new record highs. 

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Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News

The New York Stock Exchange (NYSE) just applied to the U.S. Securities and Exchange Commission (SEC) to list and trade the Grayscale XRP Trust as an exchange-traded fund (ETF). If approved, it would transform the existing trust into an ETF, opening the door for more investors—from curious retail traders to heavyweight institutions—to get in on the action.

This move could mark a pivotal moment for XRP, the cryptocurrency from Ripple Labs that’s been a hot topic for its ongoing legal showdown with the SEC. Approval would likely boost XRP’s reputation and adoption, weaving it more seamlessly into mainstream financial markets.

Converting the Grayscale XRP Trust into an ETF aims to make investment in XRP easier and more aligned with traditional financial systems. That means the ETF structure could potentially bring in both established and first-time crypto investors, turning a once-controversial asset into something more approachable and SEC-compliant.

It could be months until we find out if an XRP ETF will become a reality. Approval would very likely come with a nice boost to XRP's price, while a denial could go either way, largely depending on if investors increase their exposure to XRP anticipating approval. 

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Author: Justin Derbek
New York News Desk
Breaking Crypto News

US banks have just scored an official OK from the Federal Reserve to jump into bitcoin and other crypto services—so long as they can handle the risks.

Fed Chair Jerome Powell spelled it out at a press conference after the latest Federal Open Market Committee (FOMC) meeting, emphasizing that while the Fed’s main focus is on overseeing banks, it’s cool with them offering digital asset services if they truly understand what they’re getting into.

Powell noted that several banks under the Fed’s supervision are already dabbling in crypto, and stressed that those looking to follow suit would be held to “a little bit higher” standard when it comes to risk management. He also made it clear that the central bank isn’t anti-innovation, pointing to a Financial Stability Oversight Council (FSOC) report on potential crypto risks and saying that the Fed isn’t out to slam the door on new tech.

All this arrives just as Congress is investigating claims of an organized anti-crypto push—often referred to as “Chokepoint 2.0”—aimed at disconnecting digital assets like bitcoin from the traditional banking system.

The Move Received Praise from the Crypto Industry...

Industry leaders are giving the move a big thumbs-up. Coinbase’s chief legal officer, Paul Grewal, praised the decision, saying it simply brings crypto in line with other industries from a banking standpoint. “Banks now have the freedom to manage the risks involved in cryptocurrencies,” he said, adding, “What a change from the last four years!”

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Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News

The first full day with President Donald Trump back in the White House begun with crypto making a notable leap on Tuesday, buoyed by a resurgence in bullish sentiment following President Donald Trump’s first full day back in the White House. Bitcoin surged over 2%, hitting $107,180 and finding support around $106,200.

In the spotlight was “Official Trump,” a token introduced last week to symbolize the new administration. After a rocky start with a plunge of more than 20%, the token managed to trim its losses to 2.5% within 24 hours. This rebound hints at the market's tentative optimism surrounding Trump's crypto-friendly promises.

SEC Announces Their "Crypto Task Force"...

On the regulatory front, the Securities and Exchange Commission took a proactive step by announcing that Acting Chair Mark Uyeda has established a “crypto task force.” This initiative aims to develop a comprehensive and clear regulatory framework for crypto assets, signaling a move towards more structured oversight in the space.

Trump’s return has been met with enthusiasm from crypto investors who view his presidency as a potential catalyst for industry growth. The president has pledged to implement policies that support cryptocurrencies, including a favorable regulatory environment and the creation of a federal Bitcoin reserve. 

As the crypto market navigates these developments, traders should keep a close eye on regulatory changes and market sentiment shifts. The intersection of political influence and digital assets continues to shape the future landscape of cryptocurrency investment and innovation.
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Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News

Craig Wright, the controversial figure who claims to be Bitcoin’s creator, Satoshi Nakamoto, is cracking following the defeat of his landmark case as been handed a suspended prison sentence by a UK court.

Wright’s one-year sentence for contempt of court won’t see him behind bars unless he breaches court orders in the next two years. While the average person would make sure to comply, Wright's recent behavior has us wondering if he's capable of controlling himself long enough to stay free man. 

Over-Emotional, Irrational, and Digging his Hole Deeper...

Wright has seemingly become driven by emotion rather than calculated legal strategy, his recent  irrationality and impulsiveness seem to be a clear indication that the mounting legal defeats are taking their toll. 

First, immediately after the court dismissed his lawsuit, he filed another - a move seen as Wright blatantly disregarding the court’s previous orders.

But that was just the beginning as Wright then did something anyone in their right mind knows is always a bad idea, and will never help someone make their case - he skipped attending the hearing addressing his first violation. 

At first it seemed like Wright may have immediately realized his mistake and agreed to attending the rescheduled hearing. But hopes Wright was returning to reality soon faded as he joined the hearing via video link, demanding an insane £240,000 to attend, to cover his "costs and lost earnings". 

These actions painted a picture of someone incapable of maintaining composure in the face of legal setbacks.

The Claim That Won’t Die...

These most recent troubles were ignited when Wright attempted to sue a group of Bitcoin developers for £900 billion (around $1 TRILLION in USD), the most recent, but far from the first lawsuit Wright has attempted.

For years, Wright has insisted he is the mysterious creator of Bitcoin, Satoshi Nakamoto, despite a mountain of evidence to the contrary. This self-proclaimed identity has been central to his legal battles and public persona, yet it has consistently crumbled under scrutiny. 

The High Court in London dismissed his lawsuit, calling it baseless. In the wake of this ruling, an advocacy group made up of individuals and companies who want to protect Bitcoin's open source status, called the Crypto Open Patent Alliance (COPA) called for Wright to be held in contempt of court.  The grounds for this claim come from his ruling from the court explicitly barring him from filing new lawsuits that were based on his claim to be Nakamoto.

The UK Legal System Has Had ENOUGH...

Judge Mellor ripped into Wright, calling his tactics "malicious and manipulative". 

The court highlighted years of distress caused by Wright’s relentless legal threats against developers and bloggers, noting that his claims were founded on lies and forgeries. The judgment emphasized Wright’s attempts to mislead both the legal system and the public.

Wright’s unhinged behavior has earned him a one-year suspended sentence for contempt of court, along with orders to pay £145,000 (about $180,000 USD) within 2 weeks.

While he narrowly avoided prison thus far, he must follow court orders exactly as instructed for the next 2 years if he wants to stay out.

A Tarnished Legacy...

The crazy part is, Wright truly did contribute to the creation of Bitcoin.  He was among the small group of original developers who volunteered their time and skills to help whoever the real Satoshi is - Wright does deserve credit for helping to launch the first cryptocurrency.

Wright could have been a respected figure in the crypto and tech world with the true story of his role in Bitcoin's creation. Ironically, people who launch the most vicious attacks at Wright for being a fraud would probably be among his biggest fans.

This seems to be an example of a poor choice made years ago, perhaps made impulsively - mix this with a prideful person who struggles to admit when they're wrong, and you get this ridiculous never-ending spectacle.

Wright had to be aware of several obvious methods the real Satoshi could use to prove his identity, Wright knew he couldn't perform any of them, and that people would demand this of anyone making this claim. The most important being the ability to open the wallet belonging to Satoshi.

Surely the real Satoshi would carefully back up the private key needed to access his wallet, of which over $90 Billion USD worth of Bitcoin sits untouched for 14 years.

But during a case he filed in Norway, where Wright attempted to sue someone from the crypto community on Twitter for calling him a scammer, Wright claimed he could no longer access the Satoshi wallets since he 'stomped out' the hard drives they were saved on.  The man he was suing was a public school teacher with 8000 followers, Wright lost. 

Where Do We Go From Here?

It seems Wright has taken things so far, he's reached the point where having him face real, life changing consequences is the only response left.  Wright has proven his willingness to create a never ending cycle of baseless lawsuits that waste both government and private citizens funds addressing - failing to win a judgement in his favor has proven not to be a deterrent. 

Since Wright begun his crusade, only his worst traits have evolved.  What started with him at least portraying an image of someone making calculated legal moves, has been replaced with someone unable to control themselves long enough to consider the results of their increasingly impulsive actions.

I guess what I'm trying to say is - my money is on Craig going to jail! He needs to obey every demand of the court for 2 full years, and I just don't see his personality changing enough to pull it off. 

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Author: Mark Pippen
London Newsroom
GlobalCryptoPress | Breaking Crypto News

In a bold move toward integrating cryptocurrency into national policy, Japanese Senator Satoshi Hamada has submitted a formal proposal urging the government to establish a strategic bitcoin (BTC) reserve. The request, officially registered in Japan's Upper House of Parliament, advocates for converting part of the nation's foreign exchange reserves into bitcoin and other virtual currencies.

Hamada's proposal, titled “Letter of Intent on the State of Understanding of the Bitcoin Reserve Movement Promoted by the United States and Other Countries,” underscores the growing global interest in bitcoin as a treasury asset. He highlighted bitcoin’s decentralized and neutral qualities, describing it as less influenced by specific nations or institutions, making it a resilient and reliable economic tool.

This call to action aligns with a broader trend, as nations and corporations worldwide explore bitcoin treasuries to diversify their reserves. The United States, for instance, has drawn attention for its discussions around adopting bitcoin as part of its economic strategy, spurred by promises from President-elect Donald Trump.

In Japan, the interest in bitcoin is also evident in the private sector. A prime example is Metaplanet Inc., a Japanese company that saw its stock value surge by 1,700% in a single year due to its investment in bitcoin. Hamada cited such cases to illustrate the potential benefits of incorporating bitcoin into national reserves.

The Japanese government is expected to issue a formal response to the proposal in the coming weeks, with the reply likely to be published on its official website. How Japan addresses Hamada's initiative could influence other nations, given Japan's reputation for technological innovation and its leadership in adopting financial technologies.

The Move Could Influence Other Nation's to Follow...

As the world watches, Japan's decision could set the tone for how advanced economies approach bitcoin in their fiscal policies, potentially ushering in a new era of cryptocurrency-backed reserves.

Japan has long been a pioneer in cryptocurrency adoption. Bitcoin and other cryptocurrencies have been legal in the country since 2017, though their use has largely been limited to speculative trading since 2019. Hamada’s proposal could signal a shift toward viewing bitcoin not just as an investment or trading tool but as a strategic national asset.

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Author: Adam Lee 
Asia News Desk / Breaking Crypto News

When it comes to Trump’s stance on crypto, you’ll find polar opposite perspectives depending on who you talk to. Ask a Trump supporter in crypto, and they’ll tell you he’s the savior of the industry, the one who’ll pass pro-crypto laws that turn America into the global crypto capital. On the flip side, his critics are quick to claim that his pro-crypto talk was just a vote-getting tactic, and now that the election is over, they argue, we shouldn’t expect much action.

Today we’re focusing only on what Donald Trump himself has said about crypto-related policies.

While tech industry members and his campaign have discussed additional policies, and claimed they have Trump's support - we're excluding those here. 

The majority of these came from Trump's crypto-focused speech at the Bitcoin 2024 conference in Nashville (watch the full speech here). Trump shared a lineup of pro-crypto policies that sparked significant interest within the digital currency world. Here’s a breakdown of each proposal he laid out:

• Fire SEC Chair Gary Gensler: Trump pledged to remove Gary Gensler, the current chair of the Securities and Exchange Commission (SEC), appointed by the Biden administration. Gensler has a reputation in the crypto community as a regulator with an aggressive stance toward digital assets. Many crypto advocates feel his policies have created more confusion than clarity, especially regarding whether certain tokens should be classified as securities. By replacing Gensler, Trump is signaling a potential shift to a more crypto-friendly regulatory environment, potentially making it easier for crypto companies to operate without fear of sudden legal challenges.

• Create a Government Stockpile of Bitcoin: Trump introduced the idea of establishing a “strategic national Bitcoin stockpile.” He suggested that his administration would hold onto all the Bitcoin the U.S. government currently possesses or acquires. This government-owned Bitcoin—much of which has been seized from criminal cases and is valued at more than $5 billion as of 2023—would supposedly act as a reserve. The concept is similar to traditional stockpiles of gold or oil, but Trump did not clarify how it would be used, whether it’s a practical move, or how the crypto industry at large views this initiative. This idea raises questions about the government’s long-term strategy for digital assets and what a Bitcoin reserve might mean for the stability of the currency.

• Launch a Crypto Advisory Council: Trump proposed forming a “Bitcoin and Crypto Presidential Advisory Council” composed of crypto-friendly experts and advocates. According to Trump, this council would “write the rules” for the industry rather than leaving it to those who don’t support it. This advisory body could provide direct input to the White House on crypto issues, helping to bridge the gap between government and industry and potentially crafting regulations that align more closely with the goals of crypto innovators.

• Block the Federal Reserve from Developing a Digital Currency: Trump reaffirmed his opposition to Central Bank Digital Currencies (CBDCs), which many countries are exploring as a digital alternative to traditional currencies. Trump’s stance aligns with a broader hesitance in the U.S. crypto community to adopt a government-controlled digital dollar, seen by some as a potential infringement on financial freedom. He referred to CBDCs as a “dangerous threat to freedom,” and vowed to prevent the Federal Reserve from developing one if elected. This position is supported by a recent bill passed in the House aiming to restrict the Fed from moving forward with a CBDC. By opposing a digital dollar, Trump positions himself as a defender of private digital currency in contrast to government-controlled alternatives.

What a Trump Presidency Could Mean for Crypto

There’s definitely a bullish wave in the crypto market right now, largely fueled by optimism around Trump’s policies. If he keeps his promises, we might finally get the regulatory clarity that’s been missing for years. Back in 2017, key industry voices were already pushing for clear rules, yet somehow, things have only gotten murkier.

Here’s the current situation: the U.S. government won’t clarify which existing laws apply to crypto. If you unknowingly cross an invisible line, you may find out only when the SEC files a lawsuit against you. Case in point: Coinbase was vetted by the SEC before going public, ensuring it was fully compliant with regulations. Then, a year later, without any changes to Coinbase’s operations, the SEC suddenly sued them for operating as an unlicensed securities exchange. The lack of consistency and transparency from SEC Chair Gary Gensler has frustrated many in the industry.

And while Gensler’s SEC targeted companies like Coinbase and Kraken, which have made genuine efforts to comply, FTX’s Sam Bankman-Fried was able to operate under the radar until his house of cards collapsed. In a functional regulatory environment, companies should be able to present their plans to regulators, who, in turn, would provide guidance on what’s legal—something that’s long overdue in the crypto sector.

This kind of regulatory clarity, especially the ability to operate without the looming threat of a government lawsuit, could be transformative for crypto businesses. Right now, no crypto-focused company in America can be sure it’ll survive another year without a sudden legal challenge.

Will He Follow Through?