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Those include the 21shares 2x Long Dogecoin ETF, which charges investors a 1.89% annual fee—or $189 on a $10,000 investment—for the opportunity to double their exposure, up or down, to Dogecoin, a meme cryptocurrency. The fund is down some 70% in three months since its late November launch.
For a 0.99% fee, investors can own the Tuttle Capital MSTR 0DTE Covered Call ETF, also down about 70% since it was launched in October. The fund seeks to provide big dividend payouts through an approach that includes trading option contracts on Strategy stock that expire the same day.
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Such activity does not occur in the summer of 2002, the low of the dot.com collapse. Nor did it happen in March 2009 at the low of the sub prime collapse. It only hapens amid the mania of new all time highs.
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