Direxion submitted applications for five leveraged Bitcoin ETF products

ChainCatcher news, Bloomberg ETF analyst James Seyffart stated that Direxion has joined the ranks of applications for leveraged Bitcoin ETF products, having submitted applications for five funds. These funds include 2x leveraged, -2x inverse leveraged, 1.5x leveraged, -1.5x inverse leveraged, and -1x inverse leveraged Bitcoin ETFs. This move also means that Direxion will compete with Rex Shares and ProShares, which have submitted similar applications.