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Wave of Leveraged ETFs Targets Bitcoin, Ethereum, BNB

Wave of Leveraged ETFs Targets Bitcoin, Ethereum, BNB

No one can predict the spot price of crypto, but they can at least leverage it. 

Exchange-traded fund providers are coming up with increasingly creative ways to give investors access to digital assets. The latest example comes from VanEck, which launched last week the first US-listed ETF designed to track BNB, the native asset of one of the world’s largest blockchain ecosystems. Direxion also announced two new ETFs leveraging exposure to bitcoin and Ethereum, as well as two others tracking gold and silver, assets that have all been used as inflation hedges. The move signals an increasing appetite for products that allow investors to leverage short-term bets on the market and comes at an interesting time for the asset class: More…

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