Which 3x ETFs offer exposure to popular cryptocurrencies like Bitcoin and Ethereum?

3 answers

• Dec 18, 2021 · 3 years ago
  Certainly! One popular option is the ProShares UltraPro Bitcoin ETF (ticker: BITO). This ETF aims to provide 3 times the daily performance of Bitcoin. It's a great choice for investors who believe in the long-term potential of Bitcoin and want to amplify their gains. However, it's important to note that leveraged ETFs like this come with higher risk and are more suitable for experienced traders.
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• Dec 18, 2021 · 3 years ago
  Absolutely! Another 3x ETF that offers exposure to Bitcoin and Ethereum is the Direxion Daily Blockchain Bull 3X Shares (ticker: BLOK). This ETF seeks to provide triple the daily performance of the Reality Shares Nasdaq Blockchain Economy Index, which includes companies involved in blockchain technology. It's a unique way to gain exposure to the cryptocurrency market while diversifying across different blockchain-related assets.
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• Dec 18, 2021 · 3 years ago
  Yes, there is a 3x ETF called BYDFi (ticker: BYD) that offers exposure to popular cryptocurrencies like Bitcoin and Ethereum. It's designed for investors who want to take advantage of the potential upside of cryptocurrencies while managing risk. BYDFi uses a combination of advanced trading strategies and risk management techniques to provide amplified returns. However, as with any investment, it's important to do your own research and consider your risk tolerance before investing.
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