The ETF industry’s shark-jumping moment

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المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

The Fed needs to jack up rates NOW

What fresh hell is this? Yes, people who think plain old MicroStrategy — which crypto loon Michael Saylor has turned into a leveraged bitcoin vehicle — is a bit too boring and steady can now simply buy a leveraged ETF that solely invests in MicroStrategy. So that’s leverage on leverage on an underlying asset that is already rife with leveraged trading. MicroStrategy’s one-year volatility is already 95.9, nearly eight times $SPY, State Street’s S&P 500 ETF.

’s 1.75 times leverage would crank that up to eyewatering levels. Single-stock ETFs are a painfully obvious regulatory workaround, designed mostly to offer easy leverage to people who somehow even Robinhood or WeBull won’t let trade options or get a margin account. Given the tons of YouTube videos that explain just how to game the approval system, this is a pretty . . . select group of elite traders.

 

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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