You always have to know your why when it comes to buying high yield ETFs.
If you’re buying
$CHPY you’re bullish on semis.
If you’re buying
$XBCI you’re bullish on BTC.
If you’re buying
$BLOX you’re bullish on BTC, ETH, Miners, and Neoclouds.
If you aren’t bullish on the asset longterm you should never be buying the fund.
That’s just one component to it. You also have to deeply understand the strategy so you know how to play the fund. Entry matters and not every fund is meant to be set and forget.
Higher beta funds like this will have massive drawdowns. If you have S&P 500 level risk tolerance you’ll buy high and sell low.
If you’re still learning stack the basics like
$OVL until you gain a deeper understanding.