The Direxion Bitcoin Strategy Bear exchange-traded fund has decided to run against the crypto bull and is planning to offer the shorting option to CME Bitcoin futures contracts, which is revealed in a filing with the Securities and Exchange Commission (SEC) yesterday. Nevertheless, the phrase ‘higher the risk the higher the return’ fits correctly for the Direxion fund, which is betting against the Bitcoin ETF, exposing the short sellers to numerous risks.
Dirextion to Offer US ETF Shorting Bitcoin Futures
coingape.com
27 October 2021 13:51, UTC