Investors in Korea Flock to High-Risk Bitcoin ETF
By
Seong-joon Park
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Korean investors are displaying significant interest in a high-risk exchange-traded fund (ETF) in the US designed to deliver twice the daily performance of short-term CME Bitcoin futures. The VolatilityShares’ 2X Bitcoin Strategy ETF, with the ticker BITX, aims to produce exceptionally high returns through 'leverage compounding'. However, it is vulnerable to 'volatility drag', which could potentially harm investors in the long run.