Crypto investment is no joke I tell you. Do you know that the Investors in the T-Rex 2X Inverse Nvidia Daily Target ETF have lost over 95% of their money in the last year. I'm just one year and almost all that investment is gone.
Why did it happen this way though?. Well this actually happened because Nvidia's stock went up by more than 220%. Apparently the T-Rex ETF has been designed to make money when Nvidia's stock goes down. The ETF loses value when Nvidia's stock goes up.
Nvidia has been doing very well of late in the stock market and especially in the chip industry.
Experts after looking at the at things are going have predicted that the company's stock and revenues could grow even more in the future. Some actually believe Nvidia could reach a $4 trillion value soon. Despite the success of Nvidia's, the T-Rex ETF is not meant for long-term gains. You can make money from it based on daily changes and not long-term trends. I think many investors missed this point and that's why they suffered losses. The ETF uses options and futures to bet against Nvidia’s stock performance, which has been a losing strategy recently.