thanks for sharing this I was about to say something about the bitcoin family about to go for review for listing.
The five "derivative of derivative" funds are as follows:
Direxion Daily Bitcoin 1.25X Bull Shares
Direxion Daily Bitcoin 1.5X Bull Shares
Direxion Daily Bitcoin 2X Bull Shares
Direxion Daily Bitcoin 1X Bear Shares
Direxion Daily Bitcoin 2X Bear Shares
Coming out with a series of ETFs, both on the long side and the short side. I was expecting and long non-leverage one first before the release of a whole family.
more at
https://www.zerohedge.com/index.php/news/2018-01-07/buckle-nyse-files-leveraged-inverse-bitcoin-etfs
I saw the ZH article today and this post went from, "Hey, look, the CME big boys are net short" to "SIGH they're herding us into their pen for slaughter" Direxion is part of the key, because the SEC will sign off on the levered funds because they don't have to source BTC, just readily available futures contracts.
and because the CME and CBOE futures are cash-settled, that also fast-tracked the approval process.