What is ETH3L? (2024)

What is ETH3L?

ETH3L is a leveraged token that goes 3x long the ETH via futures trading. By means of leverage and the rebalancing of the asset base, when the ETH price goes up 1%, the net worth of ETH3L will rise by 3%. Due to the rebalancing mechanism, the NAV of the leveraged token may be worn in the price volatility.

What is ETH3L explained?

When the price of ETH increases by 1%, ETH3L (a 3x bullish leveraged token on KuCoin) increases by 3%. Similarly, ETH3S (a 3x bearish leveraged token) would decrease by 3% if the price of ETH drops by 1%.

What is 3L in KuCoin?

KuCoin Leveraged Tokens are tokens with the feature of leverage, you can find corresponding coins/tokens for all leveraged tokens. E.g.: BTC3L stands for 3x leverage long for BTC, while BTC3S stands for 3x leverage short for BTC.

How do 3L tokens work?

A Leveraged Token is essentially a fund that tracks and magnifies the cryptocurrencies' P&L and price movement. For example, buying BTC3L (i.e., long BTC with 3x leverage) will allow you to gain a 30% return if the price of the underlying BTCUSDT rises by 10%.

What does BTC3L mean?

BTC3L refers to a Leveraged Token holding long positions of BTCUSDT Perpetual Contracts with 3x leverage. For every 1% increase in the BTCUSDT price, the NAV of BTC3L will rise by 3%. BTC3S indicates a Leveraged Token holding short positions of BTCUSDT Perpetual Contracts with 3x leverage.

How much is ETH3L in usd?

What is 3x leveraged Ethereum ETF?

Ethereum -3X leveraged ETF is an exchange traded product which tracks the daily return of Ethereum by leverage ratio -3. If the underlying return is -1%, then the -3X ETF will increase by 3%.

How much is 1 KuCoin worth?

The live price of KuCoin Token is $ 9.971069 per (KCS / USD) with a current market cap of $ 958.55M USD. 24-hour trading volume is $ 1.16M USD. KCS to USD price is updated in real-time. KuCoin Token is -2.18% in the last 24 hours with a circulating supply of 96.13M.

How much is btc3l?

The current price of Bitcoin 3x Daily Long in USD is 0.009798 USD.

What is a 3x leveraged Bitcoin ETF?

Leveraged Bitcoin ETFs multiply the performance of Bitcoin's performance for the day. For instance, a 3x leveraged Bitcoin ETF will treble Bitcoin's performance for that day. This is great if the index performs well on that day. But if it fails, the investor will incur triple the loss.

How do you convert tokens to cash?

How do you convert tokens to money?

Sell the tokens for your local currency.

Some exchanges, including Coinbase, have quick Swap options that instantly exchange tokens at the current market value. Others may require you to select a price at which to sell your tokens and wait for the sale to complete.

How is leverage trading taxed?

Regardless of whether you sell your leveraged token for crypto or fiat currency - you'll pay Capital Gains Tax on any profit. So you'll pay tax on the difference between when you bought your leveraged token and when you sold it. If the value has increased, you'll pay Capital Gains Tax on that profit.

Can you make money from leveraged tokens?

Using leverage also allows the trader to gain exposure to a higher value of trade with their available funds. Leveraged tokens can be used to profit from token price drops and crypto market crashes. These tokens are also used to protect investor portfolios against price drops.

What is 3x in crypto?

3X Long Bitcoin token also referred to as BULL, is a leveraged token that provides return that corresponds to three times the daily return of Bitcoin. A leveraged token is a type of derivative that provides exposure to the underlying asset. BULL has been developed as an ERC-20 token on the Ethereum blockchain network.

How to buy BTC3L?

Create a free account on MEXC Crypto Exchange via website or the app to buy BTC3L Coin. Your MEXC account is the easiest gateway into buying crypto. But before you can buy BTC3L (BTC3L) , you'll need to open an account and pass KYC (Verify Identification).

What is the price prediction for eth3l?

How much is $1 USD to ETH?

How much will 1 Ethereum be worth in 2030?

Can 3x leveraged ETF go to zero?

What Happens If Triple Leveraged ETFs Go to Zero? Leveraged ETF prices tend to decay over time, and triple leverage will tend to decay at a faster rate than 2x leverage. As a result, they can tend toward zero.

Can an ETF go to zero?

For most standard, unleveraged ETFs that track an index, the maximum you can theoretically lose is the amount you invested, driving your investment value to zero. However, it's rare for broad-market ETFs to go to zero unless the entire market or sector it tracks collapses entirely.

What is the largest 3x ETF?

ProShares UltraPro QQQ is the most popular and liquid ETF in the leveraged space, with AUM of $21.9 billion and an average daily volume of 67.3 million shares a day. The fund seeks to deliver three times the return of the daily performance of the NASDAQ-100 Index, charging investors 0.88% in annual fees.

How do I get my money out of KuCoin?

Navigate to the "Withdrawal" section on the KuCoin platform, select your desired cryptocurrency (if you want to withdraw fiat currency, you'll need to sell your crypto holdings first), enter the withdrawal amount, and confirm your bank account details.

Why is KCS falling?

The Commodity Futures Trading Commission (CFTC) filed a civil lawsuit against KuCoin. The KCS price has fallen over 15% since the announcement became public.

Can I make money with KuCoin?

KuCoin Earn supports over 50 PoS tokens, with various flexible and fixed staking periods to fit your preferences. KCS Staking: Earn additional rewards by staking your KCS and leveraging it for even more benefits within the KuCoin ecosystem. Promotions: Includes both fixed and flexible investment opportunities.