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TagsWhat is the difference between VXX and UVXY in the cryptocurrency market?
ParalandsNov 26, 2021 · 3 years ago1 answersCan you explain the key differences between VXX and UVXY in the cryptocurrency market? I'm curious to know how these two cryptocurrencies differ from each other and what sets them apart.
1 answers
- VXX and UVXY are two different ways to gain exposure to volatility in the cryptocurrency market. VXX tracks the volatility of the S&P 500 index, while UVXY tracks the volatility of the VIX index. The VIX index is often used as a measure of market fear and uncertainty. UVXY is a leveraged ETP, which means it aims to provide double the daily return of the VIX index. This leverage can lead to increased potential returns, but also increased risk. It's important to carefully consider your investment goals and risk tolerance before investing in either VXX or UVXY.Nov 26, 2021 · 3 years ago
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