Issuers run for the introduction of a short-bitcoin futures ETF
Issuers run for the introduction of a short-bitcoin futures ETF
- Direxion originally applied for the introduction of his Bitcoin Strategy Bear ETF in October, but withdrew the application
- The Short Bitcoin Strategy Fund of AXS Investments would be the third ETF of the company in the USA
After ProShares had applied for an ETF that would enable investors to bend against Bitcoin, two other fund releases followed this example.
AXS Investments announced his plans to put on a short bitcoin strategy ETF (SBCO) on a Wednesday Regulatory disclosure . The product strives for investment results that correspond to the return value (-1x) of the return of the CME CF Bitcoin reference rate for a single day.
The actively managed fund would invest most of his assets in short positions at short Bitcoin Futures contracts that are traded on stock exchanges that are registered with the Commodity Futures Trading Commission (CFTC).
It strives to remain completely invested in contracts that offer an inverse commitment to the Bitcoin reference course, "regardless of market conditions, trends, direction or the financial situation of a certain issuer," said the submission notes. The fund does not enter into temporary defensive positions.
Likewise Direxion
Direxion, Short Bitcoin ETF is using an existing submission and jumps ax and proshares ahead! Direxion Bitcoin Strategy Bear ETF will enter into force to AXS and Proshares Short BTC ETFs on June 20 on June 20 *Direxion already had a short #Btc ETF submitted since October ... target = "_ blank" href = "https://t.co/nlprelgct2"> https://t.co/nlprelgct2 pic.twitter.com/dpwff59pdq -ETF hearing matters by Henry Jim (@etfhearsay) 7. April 2022 In addition to the investment in swaps or futures contracts, Direxion ETF can also enter short positions in Bitcoin Futures ETFs. Proshares, Valkyrie Investments, Vaneck and Global X have launched such ETFs last year. "The fund is generally maintained its short-fondure.
None of the three funds would invest directly in Bitcoin. The submissions contained no cost rates for one of the proposed products. While AXS Investments, according to ETF.com, only has two ETFs with a fortune of around $ 65 million that are traded in the United States, Direxion has 82 ETFs that manage around $ 27.5 billion. spokesman for Direxion and AXS Investments did not immediately answer inquiries about comments. . . The Post Issuers Race to Launch a Short Bitcoin Futures ETF is not a financial advice.