Long

Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://x.com/PeterLBrandt/status/1811720791836299523" rel="noopener noreferrer nofollow">Peter Brandt</a>, recognised by many as a trading legend, has issued a crucial advisory regarding leveraged and inverse exchange-traded funds, or ETFs for short. Long story short, the trader expressed a strong aversion to these financial instruments, likening them to gambling.
Why? He emphasizes that these ETFs represent bets on volatility rather than price direction, indicating a preference for shorting these instruments as part of a strategic risk management approach.
<blockquote>
 Trading commentary on leveraged and inverse ETFsI avoid these like a plague. In my mind, these represent gambling. I am not a gambler, but a risk manager.Inverse and 2X/3X ETFs are bets on volatility, not price direction. If anything, my preference would be to short XX ETFs— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1811720791836299523?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 12, 2024</a>
</blockquote>
With 50 years of market experience, Brandt’s perspective highlights the importance of distinguishing between sound and unsound risk. His observations reveal that the type of speculator attracted to leveraged and inverse ETFs often seeks quick profits, a mentality he advises against.
<h2 dir="ltr" id="what-about-bitcoin-etfs">What about Bitcoin ETFs?</h2>
Fortunately, for example,&nbsp;<a href="https://u.today/tron-founder-justin-sun-breaks-silence-on-69000-bitcoin-long" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs do not fall under this category, which means that trading them, if you stick to Brandt's opinion, is not that shameful. In general, however, these instruments on the largest cryptocurrency are not experiencing a lack of trading activity as it is.
Thus, on July 11, the total net inflow of spot&nbsp;<a href="https://u.today/5-major-reversal-indicators-for-crypto-market-in-july-goldman-sachs-eth-etf-s-1-filings-and-more" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> was $78.93 million, continuing a five-day trend of positive net inflows. Specifically, the Grayscale ETF (GBTC) experienced a single-day outflow of $37.69 million, while the&nbsp;<a href="https://u.today/will-ethereum-etfs-flop-opinions-are-mixed" rel="noopener noreferrer nofollow">BlackRock</a> ETF (IBIT) and the Fidelity ETF (FBTC) saw single-day inflows of $72.09 million and $32.69 million, respectively.

Legendary Bitcoin Trader Peter Brandt Issues Must-Know ETF Insight

विषयसूची

U_Today

12 जुल॰ 2024 को प्रकाशित अन्य लेख

Bitfarms Sets Vote Date Amid Riot’s Takeover Attempt

AGASWAP VOLUME WAS ON ATH OF $4000 USD TRADING VOLUME

Trending Cryptocurrency Tokens on Avalanche Chain Today – Emdx Token, Avax Has No Chill, BloodLoop

Germany Liquidates Over 90% Of Bitcoin Holdings, Retains Only $284 Million

Analyst Shares Insights on Ethereum and Bitcoin Performance

Cardano Investors Celebrate Price Surge

रोजाना क्रिप्टो अपडेट पाने के लिए हमारे मुफ्त न्यूजलेटर से जुड़ें!