World Funds Trust has submitted applications to the U.S. SEC for six leveraged ETFs based on Bitcoin spot trading

According to documents shared by Bloomberg Intelligence analyst Henry Jim on the X platform, World Funds Trust has submitted applications for 6 leveraged ETFs based on Bitcoin spot to the U.S. Securities and Exchange Commission (SEC). These are respectively 1.5 times, 1.75 times, and 2 times leveraged/inverse leveraged ETFs. The codes/costs are yet to be determined, with an effective date of March 18, 2024. The documents show that all these ETFs use the yet-to-be-launched iShares Spot Bitcoin ETF as the initial reference ETF but reserve the right to use other spot Bitcoin ETFs. It is reported that World Funds Trust is an open-end management investment company established as a statutory trust in Delaware on April 9, 2007.