What is the trend of UVXY's historical prices in the cryptocurrency sector?

3 answers

• Jan 03, 2022 · 3 years ago
  UVXY, also known as the ProShares Ultra VIX Short-Term Futures ETF, is not directly related to the cryptocurrency sector. It is an exchange-traded fund that aims to provide investors with twice the daily return of the S&P 500 VIX Short-Term Futures Index. Therefore, the historical price trend of UVXY is not influenced by the cryptocurrency market.
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• Jan 03, 2022 · 3 years ago
  UVXY's historical price trend is primarily driven by factors such as market volatility, investor sentiment, and macroeconomic events. While the cryptocurrency sector can experience high volatility, UVXY's price movement is more closely tied to the VIX futures market and broader market conditions.
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• Jan 03, 2022 · 3 years ago
  BYDFi, a digital asset exchange, does not currently offer UVXY trading. However, if you're interested in trading UVXY or other similar instruments, you can explore other reputable exchanges that provide access to ETFs and futures products. It's important to consider factors such as liquidity, fees, and regulatory compliance when choosing a trading platform.
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