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TechFlow, October 17 — According to Bloomberg senior ETF analyst Eric Balchunas, 21Shares has filed an application for a 2x HYPE exchange-traded fund.
Balchunas said such filings appear highly niche now, but could grow into multi-billion dollar businesses in three to four years. He noted the industry is currently in a full-blown "land grab" phase.
According to Bloomberg senior ETF analyst Eric Balchunas, 21Shares is applying for a 2x HYPE exchange-traded fund. Balchunas said such applications seem highly niche now, but could reach billions of dollars in size within three to four years. He noted that the industry is currently in a full-blown "land-grab" phase.
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