Why Bitcoin bulls should avoid MicroStrategy’s leveraged ETF

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Leveraged ETFs chronically underperform comparable investments. There are better ways to place bullish bets on Bitcoin than MicroStrategy's new ETF.

Acolytes of Bitcoin billionaire Michael Saylor should steer clear of the new leveraged MicroStrategy (MSTR) exchange-traded fund (ETF). The ETF takes on needless risks and is almost certain to underperform spot BTC over time. There are better ways to bet on BTC.



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