It tells you not to buy and hold, not because of the volatility but because of the leverage. Leveraged ETFs are rebalanced daily and designed to offer 2x or 3x

It tells you not to buy and hold, not because of the volatility but because of the leverage. Leveraged ETFs are rebalanced daily and designed to offer 2x or 3x returns only on a daily basis, this is why they say: >...should not be expected to track the underlying index over periods longer than one day. You shouldn't hold a leveraged ETF for very long because it will become unhinged from a layman's expectation of performance. AKA if I buy $SSO this morning and sell it this afternoon, I will get double the S&P's returns. If I buy $SSO this morning and sell it in June, I may get 1.5x returns or 2.5x returns or anything in between. This bitcoin ETF won't behave like that so it should be fine, it's a volatile investment, investors should do their DD.