Volatility decay erodes returns when Bitcoin moves sideways or reverses: a 50% Bitcoin drawdown would near-total wipeout the leveraged fund. BITU works only for single-day trades or strong uptrends; ...
BITU resets daily. The fund delivers 2x of one trading day’s Bitcoin return, then starts over. Compounded across many days, results diverge from a static 2x of Bitcoin’s cumulative move, and the ...