In short
- Leverage Shares is launching trade traded merchandise on the SIX Swiss Alternate that supply 3x leverage on BTC and ETH.
- The merchandise are anticipated to go dwell for buying and selling subsequent week.
- Different leveraged crypto ETFs have hit the market lately, like a 2x lengthy Dogecoin ETF from 21Shares.
European buyers will quickly be capable of take greater, leveraged bets on Ethereum and Bitcoin through new trade traded merchandise from Leverage Shares, which is able to supply 3x leveraged quick and lengthy choices for each property on the SIX Swiss inventory trade.
The choices will permit buyers so as to add danger amid a unstable time in markets, characterised by Bitcoin and Ethereum’s weekly plunges—now down 11.8% and 12.5%, respectively.
“Leverage Shares is launching the world’s first ever 3x and -3x Bitcoin and [Ethereum] ETFs in Europe subsequent week,” Bloomberg ETF analyst Eric Balchunas posted Friday on X. “Timing is both actually good or actually dangerous, relying in your viewpoint.”
LeverageShares is launching the world’s first ever 3x and -3x Bitcoin and ether ETFs in Europe subsequent week. Timing is both actually good or actually dangerous relying in your POV. pic.twitter.com/l8aR1E5Ckt
— Eric Balchunas (@EricBalchunas) November 21, 2025
Balchunas expects the merchandise to start out buying and selling subsequent week, however a consultant for Leverage Shares didn’t instantly reply to Decrypt’s request for remark.
The newest leveraged merchandise be part of a wide range of world choices that present amplified, and subsequently riskier funding alternatives to buyers. Final month, ETF supervisor Volatility Shares utilized to supply as much as 5x leveraged ETF merchandise on Bitcoin, Solana, and XRP to United States buyers.
In contrast to conventional crypto ETFs, which observe the underlying worth of an asset like Bitcoin or Ethereum, leveraged ETFs purpose to offer boosted returns based mostly on the exercise of the tracked asset.
They usually’re coming for greater than the main crypto property.
On Thursday, 21Shares unveiled a 2x leveraged Dogecoin (DOGE) ETF—TXDD—which primarily permits buyers to take a protracted place on the main meme coin and probably reap two instances the token’s day by day efficiency, much less charges and bills.
The product launches come within the wake of crypto’s record-breaking $19 billion liquidation cascade that first propelled the market’s current downturn on October 10.
Just like the rise of leveraged trade traded merchandise, perps buying and selling and leverage merchandise on-chain have gotten extra widespread too, probably making a danger to the long-term well being of the market, some business consultants instructed Decrypt final month.
Business veterans like Fundstrat CIO and BitMine Immersion Applied sciences Chairman Tom Lee proceed to recommend that the market’s current chaos remains to be a part of a broader recalibration from the occasions of October 10. Nonetheless, Lee is nonetheless calling for an Ethereum supercycle.
Bitcoin is down almost 13% within the final week, lately buying and selling at $84,065. Ethereum has fallen tougher in the identical time-frame, dropping 14% over the previous seven days and altering palms at $2,731.
Bitcoin dove to just about $81,000 on Friday, marking a recent seven-month low for the main cryptocurrency and prompting a market plunge that led to over $2.2 billion value of crypto liquidations.
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