The proposal dovetails with issuers’ growing efforts to address investor demand for funds based on digital assets.
Defiance ETFs, a provider of thematic and income focused exchange-traded funds (ETFs), has filed an application for launching 49 funds with the Securities and Exchange Commission (SEC). The proposals include the 3x leveraged and inverse leveraged ETFs for Coinbase, MicroStrategy, Robinhood, BitMine Immersion and Circle. These would be extremely risky funds, ETF.com's Sumit Roy According to the company, it will provide similar exposure to Grayscale’s Bitcoin and Ethereu