Europe Will Get Risky 3x Leveraged Bitcoin, Ethereum ETFs as Crypto Markets Melt Down

LeverageShares is set to launch 3x leveraged Bitcoin and Ethereum exchange-traded products (ETPs) on the SIX Swiss Exchange amidst a volatile crypto market, with Bitcoin and Ethereum prices experiencing significant declines of 11.8% and 12.5%, respectively. These new ETPs will allow European investors to take larger risks with their investments, providing both long and short positions on the two leading cryptocurrencies. This move follows recent trends where other leveraged ETFs, such as a 2x Dogecoin option from 21Shares, have emerged. The ongoing downtrend in prices, highlighted by Bitcoin's drop to nearly $81,000 and Ethereum's corresponding decline, underscores the volatility of current markets. The recent liquidation event in the crypto space, which saw positions valued at over $19 billion liquidated in a single day, has raised concerns about the sustainability of these leveraged products and their impact on the broader market health. As leveraged trading grows in popularity, industry experts warn that such trends could exacerbate future market instability.

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