🚀 Bitcoin is outperforming popular leveraged ETFs such as the 2x Bitcoin Strategy ETF (BITX) and ProShares Ultra Bitcoin ETF (BITU). 📈

- This year there has been an influx of funds into these funds. BITX increased assets every month, achieving total assets under management of over $1.39 billion.

- BITU, launched in April, has already attracted $266 million in assets, indicating strong demand among investors.

These funds seek to improve returns, generating results equivalent to twice Bitcoin's daily returns.

However, data shows that Bitcoin is outperforming BITX and BITU this year. It is up 27%, while the BITX ETF is up 25.8%.

Keep in mind that leveraged ETFs come with significant risks. They can be expensive to maintain and subject to periods of boom and bust.

👇 Let's discuss in the comments whether leveraged ETFs should be considered as an investment tool?