BITX invests in the Cayman Islands
this morning $2x Bitcoin Strategy ETF (BITX.US)$ BTC futures x2 ETF has been listed.
When I checked the specifications, there was the following description.
(Japanese translation) The fund expects to gain double (2x) exposure to the index by investing part of its assets into wholly owned subsidiaries (“subsidiaries”) established under Cayman Islands law.
Futures leverage is 4 times. ETFs are double, so there's money left over.
Surplus money is used to buy bonds, etc., so the American government, which wants to buy government bonds, approves futures virtual currency ETFs, and does not approve physical virtual currency ETFs.
However, it is described that BITX will invest some of the surplus money into a Cayman Islands subsidiary.
How are the Cayman Islands
Surplus money is used to buy bonds, etc., so the American government, which wants to buy government bonds, approves futures virtual currency ETFs, and does not approve physical virtual currency ETFs.
However, it is described that BITX will invest some of the surplus money into a Cayman Islands subsidiary.
How are the Cayman Islands
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FX自動売買と米株がメイン 雑誌外国為替連載中 米株の真髄はインデックス、レバレッジ、ドルコスト平均法、複利と信じる‼️
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What company's product is the Bitcoin Strategy ETF (BITX.US)?
Taca〻 OP 181516220 : It's Volatility Shares
たらこ1979 : Can't BitX be bought with MooMoo Securities?
It feels like only demo transactions are possible