EconomyBeing right about Bitcoin may not save your 3x leveraged ETF position
A Bitcoin recovery could vindicate an investor’s thesis while a 3x leveraged fund remains in the red because it resets exposure daily. VS Trust’s proposed Bitcoin and Ethereum funds target three times each day’s benchmark return, not three times the return over a longer holding period. They use futures, and filings list fees and estimated break-even returns.
Being right about Bitcoin may not save your 3x leveraged ETF position
Economy