LeverageShares to debut first 3x bitcoin and ether ETFs in Europe amid retail-led crypto selloff

LeverageShares is preparing to launch the world's first 3x long and -3x short Exchange Traded Products (ETPs) for both bitcoin and ether in Europe next week, listing them on Switzerland's SIX exchange. This launch occurs against a backdrop of a sharp pullback in crypto ETF demand, with retail investors withdrawing approximately $4 billion from spot bitcoin and ether ETFs in November alone, surpassing February's record outflows, according to JPMorgan. While crypto markets have seen significant drops—bitcoin down about 35% from its October high and ether down over 43%—retail investors have simultaneously added about $96 billion to equity ETFs this month, highlighting a divergence in investor behavior between traditional and crypto assets.

(Source：The Block)