It appears to be a pretty good idea on paper, particularly due to the crumbling buying power of the dollar and the almost inevitable reality of hyperbitcoinization & possible emerging importance of gold as the USD will likely never again be pegged to it; furthermore, silver seems to weave when gold bobs. Ether, while way down at the moment, is the cornerstone of essentially 90% of alts, and will rebound when BTC starts its parabolic movement in what is approximated to be May through October/November/December.
The ETF hasn't performed well since it was released a month ago, but crypto is in the final year of its four year cycle, which is of course when it goes parabolic (at least it has, without fail, each of the three previous cycles). The Power Law has BTC topping out at ~ $215,000 in Q4 this year, and its accuracy alone is ~ $90% (and would be higher had cycle two not gone from the $700s to $19,000).
Looking at the actual holdings on Morningstar gives me a sense that it could be a really good long term buy.
I am not asking for advice, I am just curious as to whether or not any of you put some money into this and, if so, why?
I don't see any real flaws in the strategy when I look at the holding and prospectus. Using leverage by combining BTC/ETH and gold / silver returns seems to me a very good strategy in a well-rounded portfolio.