Leveraged Bitcoin ETF proposed to the SEC

posted about 1 year ago
U.S. fund managers are planning to build “leveraged” and “inverse” funds that would rise - or fall - twice as fast as the price of bitcoin on a given day.

Direxion Asset Management LLC plans to list such products on Intercontinental Exchange Inc’s NYSE Arca exchange if U.S. securities regulators give the nod, according to a filing by the exchange this week.

So far the U.S. Securities and Exchange Commission has declined or put on hold all the proposals.
Tags: bitcoin, news