Defiance Proposes 3X Leveraged Exposure on Bitcoin, Ethereum Funds and Crypto Stocks

Defiance Investments has filed an application with the SEC for 49 funds offering three times long and short leveraged exposure to tech and crypto-focused firms, gold, and ETFs that track the price of Bitcoin, Ethereum, and Solana. The proposed funds include 3X leveraged and inverse leveraged ETFs for Coinbase, MicroStrategy, Robinhood, BitMine Immersion, Circle, and Grayscale's Bitcoin and Ethereum mini-trust ETFs. The company already offers 2X leveraged ETFs for short-term investors.

Thailand’s Securities and Exchange Commission (SEC) has confirmed plans to expand crypto exchange-traded funds (ETFs) beyond Bitcoin, signaling Ethereum and Solana may be included next Thailand SEC set to expand crypto ETFs beyond Bitcoin, with Ethereum and Solana next in line.^[1]. The regulator is drafting new rules that would allow ETFs for other cryptocurrencies, with Ethereum already approved through the MFC Ethereum ETF Tracker Fund. SEC Secretary-General Pornanong Budsaratragoon stated that the regulator is considering basket products that could include multiple digital assets such as Solana, as part of a broader policy to diversify investment products and align with international ETF offerings.

Meanwhile, Defiance Investments has filed an application with the SEC for 49 funds offering three times long and short leveraged exposure to tech and crypto-focused firms, gold, and ETFs that track the price of Bitcoin, Ethereum, and Solana BitMine Immersion May Be Largest Ethereum Treasury Holder as Trading Volume Surpasses Major U.S. Equities^[2]. The proposed funds include 3X leveraged and inverse leveraged ETFs for Coinbase, MicroStrategy, Robinhood, BitMine Immersion, Circle, and Grayscale's Bitcoin and Ethereum mini-trust ETFs. The company already offers 2X leveraged ETFs for short-term investors.

BitMine Immersion, a significant player in the crypto market, recently became the largest public Ethereum treasury holder, holding over 2.65 million ETH (about 2.2% of circulating supply) after acquiring roughly 234,846 ETH BitMine Immersion May Be Largest Ethereum Treasury Holder as Trading Volume Surpasses Major U.S. Equities^[2]. The company's ETH reserves are valued near $10.8 billion and have coincided with a surge in U.S. trading volume and institutional backing. This move signals growing institutional allocation to Ethereum-specific exposure via equity vehicles and affects market liquidity considerations.

The expansion of crypto ETFs in Thailand is expected to increase liquidity and attract more institutional adoption in the country’s crypto sector. Thailand's role as a regional hub for cryptocurrencies is being bolstered by these developments, and expanded ETF products are seen as a driver of participation.