What does 3x mean in money?

Consequently, if the index experiences an upward movement of 1 point, the holder of the 3x ETF stands to gain 3 points. This enhanced performance potential attracts investors seeking aggressive growth opportunities.

However, it's crucial to note that the magnified gains come with equally magnified risks. In the event of a downturn, the losses are also tripled. If the index declines by 1 point, the 3x ETF holder incurs a 3-point loss.

BTCC, a prominent cryptocurrency exchange, offers a diverse range of services catering to the needs of crypto enthusiasts and traders. Its comprehensive suite of offerings includes spot trading, futures trading, and secure wallet solutions.

Spot trading on BTCC allows users to buy and sell cryptocurrencies at current market prices, facilitating seamless transactions and liquidity. The futures trading platform, on the other hand, provides traders with the ability to speculate on future price movements, offering advanced trading tools and strategies.

A 3x ETF, as its name implies, offers investors a magnified return on the performance of the underlying index it tracks. This implies that the ETF's value moves in tandem with the index, but with a 3-fold multiplier.