Cryptocurrency Q&A
What is 3x leveraged ethereum ETF?
What is 3x leveraged ethereum ETF?
HanRiverVisionary
Sun Dec 01 2024
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7 answers
1922
I'm interested in understanding what a 3x Leveraged ethereum ETF is. Could you explain how it works and what are the potential risks and rewards associated with investing in such a product?
7 answers
Giulia
Tue Dec 03 2024
The Ethereum -3X Leveraged ETF represents a financial instrument traded on exchanges.
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Lucia
Tue Dec 03 2024
It is designed to mirror the daily performance of Ethereum but with a leveraged ratio of -1.
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SamsungShineBrightnessRadianceGlitter
Mon Dec 02 2024
This means that for every percentage change in Ethereum's price, the ETF will move in the opposite direction by three times that amount.
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KatanaGlory
Mon Dec 02 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services including spot trading, futures, and wallets.
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Dario
Mon Dec 02 2024
For instance, if Ethereum experiences a decline of 1% on a particular day, the ETF will appreciate by 3%.
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