PANews reported on November 21 that, according to Cryptopolitan, European ETP provider Leverage Shares has submitted an application to create a 2x leveraged Kraken ETF, tracking the daily performance of the cryptocurrency exchange Kraken. Eric Balchunas, senior ETF analyst at Bloomberg, stated that this application represents the first attempt to create a leveraged product directly linked to a private cryptocurrency exchange. The proposed ETF could offer investors twice the returns from Kraken's daily price fluctuations, and Kraken recently filed for a secret US IPO. Furthermore, Balchunas believes the ETF may not be listed until next year.PANews reported on November 21 that, according to Cryptopolitan, European ETP provider Leverage Shares has submitted an application to create a 2x leveraged Kraken ETF, tracking the daily performance of the cryptocurrency exchange Kraken. Eric Balchunas, senior ETF analyst at Bloomberg, stated that this application represents the first attempt to create a leveraged product directly linked to a private cryptocurrency exchange. The proposed ETF could offer investors twice the returns from Kraken's daily price fluctuations, and Kraken recently filed for a secret US IPO. Furthermore, Balchunas believes the ETF may not be listed until next year.
Leverage Shares has submitted an application to leverage a 2x long position in the Kraken ETF.
PANews reported on November 21 that, according to Cryptopolitan, European ETP provider Leverage Shares has submitted an application to create a 2x leveraged Kraken ETF, tracking the daily performance of the cryptocurrency exchange Kraken. Eric Balchunas, senior ETF analyst at Bloomberg, stated that this application represents the first attempt to create a leveraged product directly linked to a private cryptocurrency exchange. The proposed ETF could offer investors twice the returns from Kraken's daily price fluctuations, and Kraken recently filed for a secret US IPO. Furthermore, Balchunas believes the ETF may not be listed until next year.
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