Direxion has submitted an application to the Securities and Exchange Commission (SEC) for an Ethereum ETF, claims Eric Balchunas, senior ETF analyst at Bloomberg.
ETF issuer Direxion Increases Investment Options with Ethereum ETF
According to a prospectus paper image provided by the fund, its name is “DIREXION ETHER STRATEGY ETF,” and it aspires to be listed and traded on the Arca of the New York Stock Exchange. The fund’s application is currently being looked at by the SEC. Eric Balchunas tweeted about the issue on his Twitter account.
About Bitcoin Strategy Bear ETF
The company Bitcoin Strategy Bear ETF is made to maintain short exposure to futures contracts for the cryptocurrency, basically betting on a decline in price. For its Bitcoin Strategy Bear ETF, an exchange-traded fund based on futures that tries to track the price of Bitcoin (BTC) in the opposite direction, the company has reapplied to the SEC.
New ETF Application
In an effort to double the daily performance of the S&P CME Bitcoin Futures Index, the company has filed for the Direxion Daily Bitcoin Strategy Bull 2X Shares ETF.
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