there is an etf on cboe since friday that does double the daily move of a company whose only product is buying bitcoin
strive sells preferred shares, spends the money on btc, 25,000 so far, fifth biggest stack of any public company. the stock moves on what the btc does, plus whatever the market thinks of the people doing the buying
rex and tuttle wrapped that stock in a fund that doubles whatever it does today, unwinds at the close, does it again tomorrow. the fund holds a contract on the stock. not the stock, not the coin. it says so in the prospectus, proudly
so the coin moves, the company holding the coin moves more, the fund holding neither moves twice that, and the daily reset means up 10 then down 10 leaves you poorer on a week that went nowhere
you can now get liquidated on btc without owning btc, without opening a crypto exchange, and without the word leverage appearing anywhere on your statement
the ticker is ASSX
ten years of calling this a casino and wall street finally listed a pumpfun ticker with a prospectus