What is a 2x Bitcoin ETF spot?
Could you please explain to me what exactly is meant by a "2x Bitcoin ETF spot"? I'm interested in understanding its core features and functionalities. How does it differ from a regular Bitcoin ETF? Is it a leveraged product, and if so, how does the leverage work? Also, could you elaborate on the risks involved in investing in such a product? I'm particularly concerned about potential losses and volatility. Finally, how does the performance of a 2x Bitcoin ETF spot typically compare to the performance of Bitcoin itself?