The post Defiance Investments Plans Launch of 2x Leveraged Ethereum Futures ETF appeared first on Coinpedia Fintech News
Defiance Investments, in a bold move, is poised to introduce a 2x leveraged Ethereum futures ETF, anticipating SEC approval by late June. This groundbreaking initiative aims to provide investors with amplified exposure to the burgeoning cryptocurrency market.
Expanding Investment Horizons
James Seyffart, an ETF analyst at Bloomberg, revealed that Defiance Investments has submitted an application to the US SEC for a 2x leveraged Ethereum futures ETF. This innovative ETF, set to trade under the ticker symbol ETHL, seeks to capitalize on the surging popularity of Ethereum and its associated futures contracts.
Defiance Investments isn’t stopping at Ethereum. The firm has also applied for a 2x leveraged ETF targeting MSTR stock, signaling a strategic diversification into different asset classes. Such bold moves underscore the company’s commitment to offer
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