From Investing.com

July 12, 2024 2:30:26 pm:

Trading legend Peter Brandt warns against leveraged and inverse ETFs, equating them to gambling due to their focus on volatility over price direction. His 50 years of experience highlight the distinction between sound and unsound risk management strategies, advising against speculators seeking quick profits.

Bitcoin ETFs, however, don’t fall under Brandt’s concerns. On July 11, spot Bitcoin ETFs saw a total net inflow of $78.93 million, with Grayscale ETF (GBTC) experiencing a single-day outflow of $37.69 million, while BlackRock ETF (IBIT) and Fidelity ETF (FBTC) had single-day inflows of $72.09 million and $32.69 million, respectively.

Read more at Investing.com: Legendary Bitcoin Trader Peter Brandt Issues Must-Know ETF Insight By U.Today