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U.S. Company Plans Funds That Double Bitcoin Price Moves: Direxion

TedTed
in The Bullpen
FYI: The new idea is to build “leveraged” and “inverse” funds that would rise - or fall - twice as fast as the price of bitcoin on a given day.

Direxion Asset Management LLC plans to list such products on Intercontinental Exchange Inc’s NYSE Arca exchange if U.S. securities regulators give the nod, according to a filing by the exchange this week.
Regards,
Ted
https://www.reuters.com/article/us-bitcoin-funds/u-s-company-plans-funds-that-double-bitcoin-price-moves-idUSKBN1EV03W

Direxion Funds Website:
http://www.direxioninvestments.com/?keyword=+direxion funds etf&gclid=EAIaIQobChMI49De54LD2AIVnLXACh2AGg7VEAAYASAAEgLGwvD_BwE
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