Cryptocurrency Q&A
What is the ETH 3X ETF?
What is the ETH 3X ETF?
Carolina
Tue Dec 24 2024
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7
answers
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ETH 3X ETF is an exchange-traded fund that provides investors with exposure to the price movements of Ethereum, with a leverage factor of 3. This means that the fund is designed to amplify the returns of Ethereum by three times, potentially increasing profits but also risks.
7 answers
CryptoQueen
Wed Dec 25 2024
This means that the ETF's movement is amplified in the opposite direction of Ethereum's price movement.
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Ilaria
Wed Dec 25 2024
For instance, if Ethereum experiences a -1% return on a particular day.
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Michele
Wed Dec 25 2024
Ethereum -3X Leveraged ETF represents a financial instrument traded on exchanges.
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SamsungShineBrightnessRadianceGlitter
Wed Dec 25 2024
This ETF is specifically designed to track the daily performance of Ethereum.
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CryptoTitaness
Wed Dec 25 2024
The -3X leveraged ETF will increase in value by 3%.
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