Investor Ric Edelman reacts to crypto ETF boom
From CNBC: 2025-05-10 11:00:00
Bitcoin ETFs are making waves in the market, offering protection against downside volatility while maximizing upside profits. Ric Edelman sees this as a game-changer for investors, with Bitcoin hitting $100,000 for the first time since February. However, caution is advised with leveraged and inverse Bitcoin ETFs as they can be risky for retail investors.
Volatility Shares’ BITX ETF, a leveraged Bitcoin product, is outperforming Bitcoin this week but underperforming year-to-date. The fund comes with daily fees and resets, making it a risky investment. Retail investors are cautioned against the potential for significant losses in a single day with these types of ETFs.