Cryptocurrency Q&A
Is UPRO 3X?
Is UPRO 3X?
Tommaso
Mon Dec 23 2024
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7 answers
1315
I'm wondering if UPRO is a 3X product. I've heard about different Leveraged products in the market, and I want to confirm if UPRO falls into this category specifically as a 3X one.
7 answers
Lorenzo
Wed Dec 25 2024
Specifically, the ETF targets 3x the daily performance.
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GeishaCharming
Wed Dec 25 2024
This multiplication factor applies before any fees or expenses are deducted.
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charlotte_wright_coder
Wed Dec 25 2024
The benchmark in question is referred to as the "Daily Target".
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DigitalLegend
Wed Dec 25 2024
The ProShares ETF aims to achieve daily investment outcomes.
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CryptoAlchemyMaster
Wed Dec 25 2024
The ETF's objective is to closely track this Daily Target.
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