Bloomberg ETF analyst: 21Shares applies for 2x leveraged HYPE ETF

According to Jinse Finance, Bloomberg Senior ETF Analyst Eric Balchunas has revealed that 21Shares is applying for a 2x HYPE exchange-traded fund. Balchunas stated that while such applications may seem very niche, they could reach a scale of several billions of dollars in 3-4 years. He pointed out that we are currently in a full-blown "land grab frenzy" phase.