BITX Investors Face Stunning 33% Loss as Futures Contango Widens
YahooAustin Smith
BITX Investors Face Stunning 33% Loss as Futures Contango Widens
2x Bitcoin Strategy ETF (NYSEARCA:BITX) delivers twice the daily price movement of Bitcoin through futures contracts. That leverage is working against investors. BITX dropped 33% over the past week while Bitcoin fell 16%, demonstrating how the 2x leverage amplifies losses beyond simple mathematics. The daily reset mechanism creates a ...
2 months ago
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