Comments 12
Funding on a 3x ETF product is going to be absolutely unhinged during a squeeze. Not sure the retail crowd knows what they're signing up for.
The decay on these things will eat you alive in a choppy range, doesn't matter which way price moves.
decay only matters if you're holding bags like a normie, anyone actually using 3x is timing a trend move and out before the chop even kicks in.
Curious what the expense ratio and fee structure looks like on these, that's usually where they quietly extract the extra margin on leveraged products.
Fees are the least of your worries when the product itself is designed to print liquidity above and below key levels for the big boys to farm. They'll get their margin long before the expense ratio even shows up on your statement.
3x btc and eth?? bro my liver can't take this
Daily wicks on bitcoin are already 8-10% on a bad day. 3x that and you're watching people get liquidated before the candle even closes.
Honestly what's the point if you can't get in and out same day on these?
Bold of you to think that's not exactly how they want you using it.
Called it months ago when the 2x ones were still fresh. 3x was always next. SEC drags its feet but the direction was obvious.
Honestly the direction wasn't that obvious, the SEC could've just as easily slammed the door after 2x given how rocky the political climate around crypto products was for a while there.