Yesterday I opened Kucoin to see the trend of my open positions and that's okay we are confidently awaiting a rebound.
But I saw a new feature, long and short ETF on Bitcoin and Ethereum.
I don't like working with high margins and levers.
These ETF work on leverage 3 so if the underlying increases by one percent, the ETF rises by 3 percent and the same happens if the underlying falls.
The symbols are: BTC3L for the long on BTC and BTC3S for the short on BTC. For ETH they are ETH3L and ETH3S.
The minimum amount to access is 10 USDT, the daily management fee is 0.015%.
I think the advantages are that I don't have to use margins or borrow cryptocurrencies. I don't have the risk of losing all the capital. In short, it seems to me a good opportunity also for daily trading as they have a great volatility.

More information can be found on the official KuCoin website: https://www.kucoin.com/leveraged-tokens/detail/BTC3S

This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.

THE OPINIONS EXPRESSED BY THE AUTHOR ARE PERSONAL ONLY AND FOR INFORMATION PURPOSES AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.

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