$Bitcoin (BTC.CC)$ 2x Bitcoin Strategy ETF(BITX.US)$  Price ...

$Bitcoin(BTC.CC)$ 2x Bitcoin Strategy ETF(BITX.US)$ Price arbitrage exists between this leveraged ETF and BTC Bitcoin. I picked up on it last week. I've now traded it several times. what's happening is throughout the day the net asset value of this leverage ETF goes from trading at a premium to a discount depending upon the supply demand depending upon how many buyers or sellers there are of this exchange traded fund.. at the end of the day and in the morning they are rebalancing. that's what is taking place. what does that mean it means that they're bringing it back to parity relative to bitcoin itself. so Bitcoin could be up 2% at the end of the day this exchange traded fund is repriced up several percent because people sold it throughout the day and depress the value relative to bitcoin.. this morning we have Bitcoin trading higher .92 pct as of this message and this ETF is down 3.77 percent. what you'll see as long as Bitcoin remains in the green this exchange traded fund will come back into parity throughout the morning and then based off of the supply demand based off of buyers and sellers of just this ETF it will move ahead. Bitcoin were to close up 92% at the end of the day this ETF will be priced higher by 3.77% at the end of the day after the close and then you'll be immediately able to go in and sell your position and profit from the repricing. if you plot the two side by side you can arbitrage this ETF relative to bitcoin itself. this will work until it doesn't that's the only way I can describe it but for right now it's working I just bought and you can't have an ETF that's a bull leveraged ETF be negative when the underlying asset is positive it's just that simple people.