A daily-reset 3x Bitcoin fund can remain below its starting value even after Bitcoin returns to its entry price. The proposed VS Trust funds target three times their benchmark’s daily return before fees and expenses, not three times its return over months.
Daily resets and compounding make the sequence of gains and losses matter. Volatile recoveries may leave holders behind the asset, while sustained rallies can amplify gains. The funds had not begun trading as of the Oct. 7 filing.
Daily resets and compounding make the sequence of gains and losses matter. Volatile recoveries may leave holders behind the asset, while sustained rallies can amplify gains. The funds had not begun trading as of the Oct. 7 filing.