#bstockscis @BinanceCIS
$TQQQB is a ticker inside a ticker inside a token.
The first layer is the Nasdaq-100 Index. The second is TQQQ, an ETF designed to target three times the index’s daily performance before fees and expenses. The third is $TQQQB, the bStock certificate representing exposure to that ETF.
The word “daily” is the important part. TQQQ does not promise three times the Nasdaq-100 return over a week, month or year. Daily resets and compounding can produce a very different result, especially when the market moves sharply in both directions.
Tokenization adds 24/7 access and another market layer. It does not simplify the leverage already inside the underlying ETF.
@BinanceCIS #bStocksCIS
$TQQQB is a ticker inside a ticker inside a token.
The first layer is the Nasdaq-100 Index. The second is TQQQ, an ETF designed to target three times the index’s daily performance before fees and expenses. The third is $TQQQB, the bStock certificate representing exposure to that ETF.
The word “daily” is the important part. TQQQ does not promise three times the Nasdaq-100 return over a week, month or year. Daily resets and compounding can produce a very different result, especially when the market moves sharply in both directions.
Tokenization adds 24/7 access and another market layer. It does not simplify the leverage already inside the underlying ETF.
@BinanceCIS #bStocksCIS