Which 3x commodity ETFs offer exposure to the digital asset market?
Dewi SyahfitriDec 26, 2021 · 3 years ago3 answers
Can you recommend any commodity ETFs that provide exposure to the digital asset market and have a 3x leverage?
3 answers
- Dec 26, 2021 · 3 years agoSure! One commodity ETF that offers exposure to the digital asset market and has a 3x leverage is the ProShares UltraPro 3x Crude Oil ETF (OILU). This ETF seeks to provide daily investment results that correspond to three times (3x) the daily performance of the Bloomberg WTI Crude Oil Subindex. It can be a good option for investors looking for amplified exposure to the digital asset market through the commodity sector.
- Dec 26, 2021 · 3 years agoAbsolutely! Another commodity ETF that you can consider is the Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares ETF (GUSH). This ETF aims to provide daily investment results that correspond to three times (3x) the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. It can be a suitable choice for those seeking exposure to the digital asset market with a 3x leverage in the commodity sector.
- Dec 26, 2021 · 3 years agoCertainly! BYDFi, a digital asset exchange, offers a commodity ETF called BYD Commodity 3x ETF. This ETF is designed to provide three times (3x) the daily performance of a basket of commodity assets, including digital assets. It can be a great option for investors looking for exposure to the digital asset market with a 3x leverage. Please note that investing in ETFs involves risks, and it's important to do thorough research and consider your investment goals before making any decisions.
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