ProShares Ultra Bitcoin ETF (BITU)
Market Closed
16 Oct, 08:00 PM
ARCA ARCA Primary $
14. 29
-0.31
-2.1233%
$
348.77M Market Cap
- Div Yield
3.58M Volume
$ 14.6
Previous Close Investors:
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BITU May Be Too Risky At 2x Leverage
ProShares Ultra Bitcoin ETF is a 2x leveraged BTC strategy for day traders seeking amplified returns. This product may not be suitable for long-term investors. BITU uses swap agreements and cash-settled futures contracts to achieve 2x daily returns relative to spot BTC prices. Returns may be amplified during periods of sequential gains and losses in the reference BTC index, resulting in returns outside of the 2x target.
Seekingalpha | 2 years ago
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