Bloomberg ETF Analyst: Defiance Investments applies to issue 2x leveraged Ethereum futures ETF

In a message from ChainCatcher, Bloomberg ETF analyst James Seyffart stated on social media that Defiance Investments has submitted an application to the U.S. Securities and Exchange Commission (SEC) planning to issue a 2x leveraged Ethereum futures exchange-traded fund (ETF), intending to list it under the code $ETHL.

Additionally, Defiance Investments recently applied to issue a 2x leveraged ETF for shorting MicroStrategy ($MSTR) stocks. According to the application document, the daily return rate of this short ETF will be -2 times the return of MicroStrategy's stock price.