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Defiance plans to launch 49 3x leveraged encryption ETFs
PANews, October 6th news, according to Decrypt, ETF issuer Defiance has submitted a prospectus to the SEC, proposing to launch 49 triple-leveraged ETFs, covering technology and encryption-related companies such as Coinbase, MicroStrategy, Robinhood, BitMine Immersion, Circle, as well as digital assets and related ETFs like Bitcoin, Ethereum, and Solana. The company has already launched multiple 2x leveraged ETFs. ETF.com senior ETF analyst Sumit Roy noted that the submission of this triple-leveraged product documentation indicates that regulators may be willing to allow more high-fluctuation products into the market, but these funds are only suitable for the most aggressive short-term traders.