BITU resets daily. The fund delivers 2x of one trading day’s Bitcoin return, then starts over. Compounded across many days, results diverge from a static 2x of Bitcoin’s cumulative move, and the ...
ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) gives traders 2x daily exposure to the Bloomberg Bitcoin Index through swaps, with a 0.98% expense ratio. The appeal is simple: when Bitcoin moves, BITU ...
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