Being right about Bitcoin won’t save your 3x leveraged ETF position
Photo: CryptoSlate
Bitcoin's next recovery could vindicate your investment thesis but leave your leveraged fund deep in the red, because the fund's daily reset can make waiting a pretty expensive habit. Getting Bitcoin right and actually making money on Bitcoin are becoming two different skills, especially now that Wall Street is preparing products for people who don't find the ordinary version exciting enough. On Oct. 2, the SEC approved exchange-listing rules for proposed 3x Bitcoin and Ethereum funds from VS Trust.
Source: CryptoSlate
