Cryptocurrency Q&A
What is volatility shares 2x bitcoin strategy ETF?
What is volatility shares 2x bitcoin strategy ETF?
Riccardo
Tue Jul 16 2024
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5 answers
1090
Could you elaborate on the "Volatility Shares 2x Bitcoin Strategy ETF"? I'm curious to understand how this investment vehicle works. Specifically, I'm interested in knowing if it's a Leveraged product that aims to provide twice the daily return of Bitcoin, both positive and negative. Additionally, I'd like to know if it's suitable for long-term investors or more suited for those looking for short-term gains. Could you also explain the risks associated with investing in such a highly volatile strategy and any potential fees or costs that might be incurred? Your insight would be greatly appreciated.
5 answers
Eleonora
Thu Jul 18 2024
This ETF utilizes derivative instruments and other financial products to achieve its objectives of doubling the Bitcoin return, without actually holding the underlying cryptocurrency.
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CryptoAlly
Thu Jul 18 2024
BITX, as a 2x ETF, is formulated to amplify the returns of Bitcoin within a single trading session.
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Nicola
Thu Jul 18 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services to its customers.
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KimonoElegance
Thu Jul 18 2024
Its purpose is to double the gains of Bitcoin, meaning if Bitcoin experiences a 2% increase in value during a day, BITX should theoretically increase by 4%, assuming the fund operates as expected.
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Tommaso
Thu Jul 18 2024
However, it's worth noting that the Volatility Shares 2x Bitcoin Strategy ETF does not directly invest in Bitcoin itself.
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