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TechFlow news, Bloomberg ETF analyst James Seyffart disclosed that well-known fund management firm Direxion has filed applications for five leveraged bitcoin ETFs, with leverage of 2x, -2x, 1.5x, -1.5x, and -1x respectively.
Rex Shares, ProShares, and Direxion have now all submitted similar applications.
Bloomberg analyst Eric Balchunas said the number of leveraged bitcoin ETFs could soon exceed that of their long-only counterparts.
Bloomberg ETF analyst James Seyffart disclosed that well-known asset manager Direxion has filed applications for five leveraged Bitcoin ETFs, with leverage levels of 2x, -2x, 1.5x, -1.5x, and -1x. Rex Shares, ProShares, and Direxion have now all submitted similar filings. Bloomberg analyst Eric Balchunas said the number of leveraged Bitcoin ETFs could soon surpass that of their long-only counterparts.
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