Europe Will Get Risky 3x Leveraged Bitcoin, Ethereum ETFs as Crypto Markets Melt Down
European investors will soon be able to take bigger, leveraged bets on Ethereum and Bitcoin via new exchange traded products from Leverage Shares, which will offer 3x leveraged short and long options for both assets on the SIX Swiss stock exchange.
The offerings will allow investors to add risk amid a volatile time in markets, characterized by Bitcoin and Ethereum’s weekly plunges—now down 11.8% and 12.5%, respectively.
“Leverage Shares is launching the world’s first ever 3x and -3x Bitcoin and [Ethereum] ETFs in Europe next week,” Bloomberg ETF analyst Eric Balchunas posted Friday on X. “Timing is either really good or really bad, depending on your point of view.”
Balchunas expects the products to start…
