BITU: Should You Buy This Leveraged ETF With Bitcoin At All-Time High?

Description

Summary BITU is a 2x leveraged Bitcoin ETF best suited for active traders aiming to time short-term market moves, not long-term investors. Despite Bitcoin hitting new all-time highs, BITU underperformed YTD due to volatility and the inherent risks of leveraged ETFs, including value decay. I remain very bullish on Bitcoin long term but would avoid entering BITU at current levels, preferring to hold Bitcoin directly instead. My hold rating on BITU reflects its high risk, underperformance in volati...