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

ChainCatcher news, 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) to issue a 2x leveraged Ethereum futures exchange-traded fund (ETF), which is planned to be listed under the code $ETHL.

In addition, Defiance Investments has recently applied to issue a 2x leveraged ETF that shorts MicroStrategy ($MSTR) stock. According to the application documents, the daily return of this short ETF will be -2 times the return of MicroStrategy's stock price.