Summary
- UK-based exchange-traded product issuer Leverage Shares said it has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch an inverse ETF that bets on a decline in Bitcoin.
- It said the product is structured to track inverse (-1x) and -2x (-2x) returns based on Bitcoin (BTC) volatility.
- It added that the product’s structure is said to be similar to XIV and TVIX, ETFs previously based on volatility indexes.
Forecast Trend Report by Period
Plans appear to be underway to launch inverse and leveraged exchange-traded funds (ETFs) that invest in Bitcoin (BTC) volatility.
According to Eric Balchunas, a Bloomberg ETF analyst, on the 30th (local time), UK-based exchange-traded product (ETP) issuer Leverage Shares recently filed an application with the U.S. Securities and Exchange Commission (SEC) to launch an inverse ETF that bets on a decline in Bitcoin.
The product is structured to deliver inverse (-1x) and -2x (-2x) returns based on Bitcoin volatility, and is said to resemble XIV and TVIX, ETFs previously linked to volatility indexes.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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