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New 'insane' ETF proposal for bitcoin generates worry on Wall Street
09-01-2018, 08:23 PM,
Post: #1
New 'insane' ETF proposal for bitcoin generates worry on Wall Street
New 'insane' ETF proposal for bitcoin generates worry on Wall Street

Jeff Cox
Published January 9, 2018

The latest efforts to expand the way investors can buy bitcoins venture into the often misunderstood and potentially dangerous area of leveraged ETFs.

A regulatory application from Direxion Asset Management seeks approval for five new funds — one that seeks straight-up correlation with the cryptocurrency, but four others designed to amplify price movements either up or down.

Such so-called leveraged funds, which use derivatives to achieve their investment goals, have been on the market for years. With $34.7 billion in assets, the funds make up a small but growing part of the $3.5 trillion ETF industry, according to ETF.com.

More details in https://www.cnbc.com/2018/01/08/new-insa...treet.html
Specuvestor: Asset - Business - Structure.

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