A 2x leveraged $BWET from @defianceinvest tells you one thing and one thing only: They don’t care about servicing the customer. They care about collecting fees. Social media discovers a new shiny, illiquid toy, and suddenly there’s a leveraged product built around it so traders can gamble with even more exposure. The product doesn’t need to be useful. It just needs to attract assets and generate fees. https://t.co/s5vST1U90R
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