Europe Will Get Risky 3x Leveraged Bitcoin, Ethereum ETFs as Crypto Markets Melt Down

In brief

  • Leverage Shares is launching exchange traded products on the SIX Swiss Exchange that offer 3x leverage on BTC and ETH.
  • The products are expected to go live for trading next week.
  • Other leveraged crypto ETFs have hit the market recently, like a 2x long Dogecoin ETF from 21Shares.

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…

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