Direxion applies to launch five leveraged Bitcoin ETF products

Bloomberg ETF analyst James Seyffart posted that Direxion has joined the ranks of applicants for leveraged Bitcoin ETF products, submitting applications for five funds. These funds include 2x leverage, -2x inverse leverage, 1.5x leverage, -1.5x inverse leverage, and -1x inverse leverage Bitcoin ETFs. This move means that Direxion will compete with Rex Shares and ProShares, who have already submitted similar applications.