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TradFi giant direxion joins crypto ETF race by filing for combined Bitcoin and Ether futures fund

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TradFi giant direxion joins crypto ETF race by filing for combined Bitcoin and Ether futures fund

Exchange-traded fund (ETF) issuer Direxion filed for a Bitcoin and Ether futures product Wednesday, joining a whole raft of companies hoping to launch similar crypto-related trading products in the U.S.

According to a filing with the U.S. Securities and Exchange Commission (SEC), the Direxion Bitcoin Ether Strategy ETF would invest in bitcoin and ether futures contracts, should regulators approve the product. The product may also invest in other ETFs with exposure to futures products.

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