High-conviction Bitcoin traders targeted in new long BTC ETFs

High-conviction Bitcoin traders targeted in new long BTC ETFs

On July 10, investment managers REX Shares and Tuttle Capital Management launched two new exchange-traded funds (ETFs) that enable high-conviction Bitcoin traders to double down on long or short positions with 200% exposure to Bitcoin’s price volatility. The two funds — the T-REX 2X Long Bitcoin Daily Target ETF (CBOE: BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (CBOE: BTCZ) — do not hold spot Bitcoin (BTC) directly. Instead, they use financial derivatives to deliver 2x leveraged or …