Which 2x ETFs offer exposure to popular digital currencies like Bitcoin and Ethereum?

3 answers

• Nov 29, 2021 · 3 years ago
  Sure! One option you can consider is the ProShares Bitcoin Strategy ETF (BITO). It aims to provide 2x leveraged exposure to Bitcoin's daily performance. This means that if Bitcoin goes up by 1%, BITO is designed to go up by 2%. However, it's important to note that leveraged ETFs like BITO carry additional risks and are more suitable for experienced investors who understand the potential for amplified losses as well. Make sure to do your own research and consult with a financial advisor before making any investment decisions.
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• Nov 29, 2021 · 3 years ago
  Absolutely! Another 2x ETF that you might find interesting is the Direxion Daily Ethereum Bull 2X Shares (ETHX). ETHX seeks to provide 2x leveraged exposure to the daily performance of Ethereum. Keep in mind that leveraged ETFs are designed for short-term trading and may not be suitable for long-term investors. It's crucial to understand the risks involved and carefully consider your investment goals before investing in ETHX or any other leveraged ETF.
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• Nov 29, 2021 · 3 years ago
  BYDFi is a digital asset exchange that offers a variety of investment options, including leveraged ETFs. They have a range of 2x ETFs that provide exposure to popular digital currencies like Bitcoin and Ethereum. These ETFs are designed to amplify the returns of the underlying assets on a daily basis. However, it's important to note that leveraged ETFs carry additional risks and may not be suitable for all investors. Make sure to carefully consider your risk tolerance and investment objectives before investing in leveraged ETFs on BYDFi or any other platform.
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