Defense Investments applies to issue 2x leverage Ethereum futures ETF
2024-04-09 00:40:19
Bloomberg ETF analyst James Seyfhart stated that Defense Investments has submitted an application to the US Securities and Exchange Commission (SEC) to issue Ethereum futures ETFs with double leverage and plan to list and trade under the code ETHL. In addition, Defense Investments has recently applied to issue double leverage ETFs that short MicroStrategy (MSTR) stocks. According to the application documents, the daily return on short selling ETF will be -2 times the stock price return of MicroStrategy.
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