Europe Will Get Dangerous 3x Leveraged Bitcoin, Ethereum ETFs as Crypto Markets Soften Down – Decrypt

Briefly
Leverage Shares is launching alternate 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 not too long ago, like a 2x lengthy Dogecoin ETF from 21Shares.
European buyers will quickly have the ability to take larger, leveraged bets on Ethereum and Bitcoin through new alternate traded merchandise from Leverage Shares, which can supply 3x leveraged quick and lengthy choices for each property on the SIX Swiss inventory alternate. The choices will enable buyers so as to add danger amid a risky 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 unhealthy, relying in your perspective.”
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 unhealthy relying in your POV. pic.twitter.com/l8aR1E5Ckt
— Eric Balchunas (@EricBalchunas) November 21, 2025Balchunas expects the merchandise to begin 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 a part of a wide range of world choices that present amplified, and due to this fact 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 goal to supply boosted returns based mostly on the exercise of the tracked asset. They usually’re coming for greater than the most important 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 doubtlessly reap two instances the token’s each 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 alternate traded merchandise, perps buying and selling and leverage merchandise on-chain have gotten extra fashionable too, doubtlessly making a danger to the long-term well being of the market, some trade consultants advised Decrypt final month.Business veterans like Fundstrat CIO and BitMine Immersion Applied sciences Chairman Tom Lee proceed to counsel that the market’s current chaos continues to be a part of a broader recalibration from the occasions of October 10. However, Lee continues to be calling for an Ethereum supercycle. Bitcoin is down almost 13% within the final week, not too long ago 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 almost $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.Each day Debrief NewsletterStart day-after-day with the highest information tales proper now, plus unique options, a podcast, movies and extra.