Cryptocurrency Q&A
What is the inverse Bitcoin etf 3x?
What is the inverse Bitcoin etf 3x?
Carolina
Tue Dec 24 2024
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7 answers
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I've heard about Bitcoin ETFs, but what exactly is an inverse Bitcoin ETF 3x? I want to understand how it works and what it means to invest in such a fund.
7 answers
EchoPulse
Thu Dec 26 2024
Bitcoin 3x Short ETF, abbreviated as BTC3S, is a financial product designed to amplify the returns of its underlying asset.
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Daniele
Thu Dec 26 2024
This product operates on the principle of leveraged trading, where the yield rate of the underlying asset is tracked and multiplied by three.
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CherryBlossomDance
Thu Dec 26 2024
To illustrate, let's take BTC3L as an example. When the price of Bitcoin (BTC) increases by 1% in a single day, the value of BTC3L will increase by 3%.
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DaeguDivaDanceQueenElegance
Thu Dec 26 2024
Conversely, if the price of BTC decreases by 1% in a day, the value of BTC3L will decrease by 3%.
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Ilaria
Wed Dec 25 2024
This Leveraged effect can lead to significant gains or losses within a short period, making it a high-risk, high-reward investment option.
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