Direxion has re-applied with the Securities and Exchange Commission (SEC) for its Bitcoin Strategy Bear ETF, a futures-based fund seeking to inversely track the price of bitcoin (BTC).
- Direxion’s move on Thursday follows a filing on Wednesday by ProShares for a similar product.
- Direxion in early November – at the behest of the SEC – pulled a previous application for the Bitcoin Strategy Bear ETF
Read more: ProShares Aims to Let Investors Bet Against Bitcoin With New ETF
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