The inversed "big bear" ETFs
The inversed "big bear" ETFs, like BBUS (×3) and BBOZ (×2) are a scam. ETF price is manipulated and forced down by Betashares, regardless of the underlying market/future moves. By forcing the ETFs' prices down, Betashares blatantly reduce unfairly potential wins. Disgusting! :(
If you call them and ask the question (as Idid), Betashares start beating around the bush. They would suggest a complicated & time consuming "forensic day-by-day investigation", but refuse to acknowledge and/or admit the big picture, which is: when the underlying indices/futures fall, BBUS & BBOZ do not always move in the opposite direction, let alone x3 or x2 times, as they are supposed to.
Again, a disgusting, obvious scam :( 😡😠🤬.
People, don't fall for this, and perhaps avoid Betashares altogether.








