Defiance plans to launch 49 3x leveraged crypto #ETF

On October 6, ETF issuer Defiance submitted a prospectus to the SEC to launch 49 three times leveraged ETFs, covering #Coinbase , #MicroStrategy , #Robinhood , BitMine Immersion, Circle, and other tech and crypto-related companies, as well as digital assets and related ETFs such as Bitcoin, Ethereum, and Solana. The company has already launched several 2x leveraged ETFs, and ETF.com senior ETF analyst Sumit Roy pointed out that the submission of the 3x leveraged product documents indicates that regulators may be willing to allow more highly volatile products into the market, but these funds are only suitable for the most aggressive short-term traders.