World Funds Trust submitted applications to the U.S. SEC for six leveraged ETFs based on Bitcoin spot

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Cointime2024/01/04 00:51

By:Cointime

According to Bloomberg Intelligence analyst Henry Jim's document shared on X platform on January 4th, World Funds Trust has submitted applications for six leveraged ETFs based on Bitcoin spot, including 1.5x, 1.75x, and 2x leveraged/inverse leveraged ETFs to the U.S. Securities and Exchange Commission (SEC). The codes/costs are to be determined, and the effective date is March 18, 2024.

The document shows that all of these ETFs use the yet-to-be-launched iShares Bitcoin spot ETF as the initial reference ETF, but reserve the right to use other Bitcoin spot ETFs.

World Funds Trust is an open-ended investment management company formed as a Delaware statutory trust on April 9, 2007.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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