Direxion Submits Applications for 5 Leveraged Bitcoin ETFs
According to public filings, renowned fund management company Direxion has submitted applications for 5 leveraged Bitcoin ETFs. The proposed ETFs include 2x, -2x, 1.5x, -1.5x, and -1x leverage. Bloomberg analyst James Seyffart suggests that Rex Shares, ProShares, and Direxion have all now filed similar applications, indicating a potential rapid increase in the number of leveraged Bitcoin ETFs compared to their corresponding long products.
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