Risk Appetite in Bitcoin Spurs ‘Enormous’ Leveraged ETF Flows
- Leveraged futures-based ETFs see big infows as Bitcoin soars
- Open interest on CME breaks record with premiums nearing 20%
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Demand for the investment vehicles that offer leveraged exposure to Bitcoin is soaring as the digital asset hits record highs.
Leveraged futures-based exchange-traded funds such as VolatilityShares’ 2x Bitcoin Strategy ETF (BITX) are seeing flows rivaling spot Bitcoin ETFs. The fund raked in $630 million in net monthly inflows, beaten only by BlackRock and Fidelity, according to data compiled by K33 Research.