$2x Bitcoin Strategy ETF (BITX.US)$ BTC down 0.5% and BITX d...

10baggerbamm : so I just wrote about this a second ago a very long winded explanation about leveraging ETFs and the original post was centered around the decay of the underlying positions because of the use of options derivatives in the portfolio. the gist is so that you understand a leveraged ETF can trade at a discount or premium to net asset value at any given time based off of momentum because people can buy or sell the leverage ETF and you have velocity and it can push it to a discount or accelerate it to a premium to the underlying net asset value. the portfolio managers Mark the market some do it daily some do it weekly some do it quarterly and this is what causes what you just discussed will bitcoins up but this is down.. or could be the opposite and that is your explanation why that happens it's just part of the risk and you're never going to be able to sitting there trying to calculate it I'm sure someone will disagree with me but that person will never invest because there's a saying analysis is paralysis

BFSkinner : It’s trading btc futures contracts so not exact with btc price