Bloomberg ETF Analyst: Leveraged ETFs Have Generated $66 Billion in Cash for Traders
According to Odaily, Bloomberg ETF analyst Eric Balchunas posted on the X platform that he originally planned to examine how much cash leveraged ETFs have consumed since their launch and compare this to the $750 billion loss caused by underperforming actively managed mutual funds. However, after calculating, he found that these products have actually generated $66 billion in cash for traders using them. Many leveraged ETFs, such as TQQQ, have soared by as much as 38,000%, yet there have still been capital outflows, meaning traders have taken profits; this data is net of volatility drag and includes -2x funds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Braze Signs Strategic Collaboration Agreement With Amazon's AWS
Millennium International Management discloses net short position in Covivio shares
Sculptor Capital Management Europe discloses net short position in Exail Technologies
Vana Completes Expanded Staking as Part of the Vega Upgrade, Publishes Expanded VANA Token Economics
Crypto prices
More
