BITX already moves 13M shares daily — double Fidelity's FBTC — so degen appetite for leveraged wrappers clearly doesn't stop at BTC. But slapping 2x daily rebalancing on mid-caps running 80-120% annualized vol means compounding decay will gut anyone holding these past a week. CME futures for ADA, XLM, and LINK are still thinly traded enough that tracking error will blow out during exactly the vol events these products are designed to capture — you're paying for leverage and getting slippage.

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