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Some issuers like Direxion Investments and Valkyrie Investments have attempted to create leverage Bitcoin futures funds that allow investors to place oversized bets on the price of Bitcoin going up or down. Both of them withdrew their filings from the SEC this week, likely following signals from U.S. regulators that Bloomberg Intelligence says they are unlikely to be approved. But it’s something to look out for in the future.
The ETF industry is also hoping for a fund that actually holds Bitcoin – more than a dozen issuers are keen to bring the products to market – but the reluctance of the SEC means that is likely still a long way off.
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