A levered investment product on a highly volatile growth asset with no slippage and no fees.
It's like cross country skiis. Forward momentum gains more BTC per share and there is no slippage backwards.
Plus there is no fee compounding year after year.
I need to make a spreadsheet with Bitcoin going from 100,000$ to 10,000,000 over 10 years with a 0.2% fee per year.
Then look at the 2X levered bitcoin ETP.
Then compare to 10 years of holding M$tr
After ten years, the fee from the first year alone of BTC ETP .02% × 10,000,000 would be $200,000.
Yikes ! I can afford some nicer apartment with a storm shelter for a cold wallet for this much.
$20,000 not $200,000
