Skip leveraged ETFs entirely. They’ll hurt you when crypto gets choppy and Bitcoin’s already volatile enough. These things reset daily and eat your returns during rough patches. Want more exposure? Just put more of your portfolio into regular Bitcoin. You get the same upside without the structural mess that kills long-term gains.
Played with 2x Bitcoin ETF for about 3 months last year. Did well on the way up but got destroyed when BTC tanked 40% in two weeks.
Daily rebalancing decay crushed me during choppy periods. Bitcoin would go sideways and the leveraged ETF still bled money.
Stick to spot crypto now with proper position sizing. Sleep better and way less stressful. Want leverage? Just use futures - you get actual control unlike these ETFs.