Myth: 2x Bitcoin ETFs give you 2x Bitcoin returns. Reality: $BITU is down 71% while Bitcoin is down 5%. Same timeframe. The details: ✅ Leveraged ETFs reset daily. A 10% drop then 11% recovery breaks even for BTC but loses 2.2% on 2x ✅ Bitcoin needs 91% to recover its all time high. BITU needs 477%. ✅ BITU hit $65.77 last year. Today it trades at $11.39. Bitcoin is still above $66,000. ✅ These products are designed for day trades, not positions. The prospectus says it. The math proves it. Spot ETFs like $IBIT and $FBTC track Bitcoin within 0.5%. The boring option was the right one all along.
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