Direxion applies to launch five leveraged Bitcoin ETF products.

On January 19th, according to a report by BlockBeats, Bloomberg ETF analyst James Seyffart wrote that Direxion has joined the ranks of applicants for leveraged Bitcoin ETF products, submitting applications for five funds. These funds include 2x leverage, -2x inverse leverage, 1.5x leverage, -1.5x inverse leverage, and -1x inverse leverage Bitcoin ETFs. This move means that Direxion will compete with Rex Shares and ProShares, who have already submitted similar applications.