LeverageShares is set to launch the world’s first 3x and –3x bitcoin and ether ETFs in Europe next week, according to a tweet from Bloomberg Intelligence analyst Eric Balchunas.
The firm’s four new ETPs — 3x long and –3x short products for both bitcoin and ether — will list on Switzerland’s SIX exchange, expanding a leveraged roster that already includes vehicles tied to semiconductors, AI, blue-chip baskets, and single-stock names. A leveraged ETF uses derivatives and debt to amplify the daily returns of the underlying security.
Balchunas noted the timing is “either really good or really bad depending on your POV,” given the current market backdrop.
That backdrop includes a sharp pullback in crypto ETF demand. Retail investors have withdrawn about $4 billion from spot bitcoin and ether ETFs so far in November, already exceeding February’s record outflows, according to JPMorgan.
The bank’s analysts said bitcoin’s drop below their estimated production-cost “support level” of $94,000 has accelerated selling from non-crypto-native retail holders of spot ETFs, even as perpetual-futures deleveraging has stabilized since October.
Meanwhile, retail investors have added roughly $96 billion to equity ETFs this month — including leveraged stock products — even as traditional markets edge lower.
The Vanguard S&P 500 ETF (VOO), the world’s largest ETF with more than $700 billion in assets, slipped below $600 for the first time in over two months, about 5% off its late-October peak
Crypto markets have been hit far harder: bitcoin is down roughly 35% from its early-October all-time high above $126,000, while ether has fallen more than 43% over the same stretch.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
