Europe Will Get Risky 3x Leveraged Bitcoin, Ethereum ETFs as Crypto Markets Melt Down
Analysis
Price Impact
HighThe launch of 3x leveraged and inverse leveraged etfs for bitcoin and ethereum on a major exchange will significantly increase market volatility and speculative activity. during a market 'meltdown,' these products can amplify price movements in both directions, leading to more extreme liquidations if trends continue, or sharp reversals if sentiment shifts.
Trustworthiness
HighThe news comes from decrypt, a reputable crypto news source, citing bloomberg etf analyst eric balchunas and providing details about the product launch by leverage shares on the six swiss exchange, including specific dates and asset classes.
Price Direction
NeutralWhile the market is currently experiencing a downturn, the introduction of both 3x long and 3x short etfs provides tools for investors to bet on both upward and downward price movements with amplified risk. this doesn't inherently push the market in one direction but rather increases the potential magnitude of any move, making the immediate future highly volatile and unpredictable.
Time Effect
ShortThe immediate effect will be seen shortly after the products go live next week, as traders begin to utilize these new instruments. the amplified leverage can lead to rapid price swings and increased liquidation events in the near term.
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In brief Leverage Shares is launching exchange traded products on the SIX Swiss Exchange that offer 3x leverage on BTC and ETH. The products are expected to go live for trading next week. Other leveraged crypto ETFs have hit the market recently, like a 2x long Dogecoin ETF from 21Shares. Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE European investors will soon be able to take bigger, leveraged bets on Ethereum and Bitcoin via new exchange traded products from Leverage Shares, which will offer 3x leveraged short and long options for both assets on the SIX Swiss stock exchange. The offerings will allow investors to add risk amid a volatile time in markets, characterized 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 next week,” Bloomberg ETF analyst Eric Balchunas posted Friday on X. “Timing is either really good or really bad, depending on your point of view.” LeverageShares is launching the world’s first ever 3x and -3x Bitcoin and ether ETFs in Europe next week. Timing is either really good or really bad depending on your POV. pic.twitter.com/l8aR1E5Ckt — Eric Balchunas (@EricBalchunas) November 21, 2025 Balchunas expects the products to start trading next week, but a representative for Leverage Shares did not immediately respond to Decrypt’s request for comment. The latest leveraged products join a variety of global offerings that provide amplified, and therefore riskier investment opportunities to investors. Last month, ETF manager Volatility Shares applied to offer up to 5x leveraged ETF products on Bitcoin, Solana, and XRP to United States investors. Unlike traditional crypto ETFs, which track the underlying price of an asset like Bitcoin or Ethereum, leveraged ETFs aim to provide boosted returns based on the activity of the tracked asset. And they’re coming for more than the major crypto assets. On Thursday, 21Shares unveiled a 2x leveraged Dogecoin (DOGE) ETF—TXDD—which essentially allows investors to take a long position on the leading meme coin and potentially reap two times the token’s daily performance, less fees and expenses. The product launches come in the wake of crypto’s record-breaking $19 billion liquidation cascade that first propelled the market’s recent downturn on October 10. Like the rise of leveraged exchange traded products, perps trading and leverage products on-chain have gotten more popular too, potentially creating a risk to the long-term health of the market, some industry experts told Decrypt last month. Industry veterans like Fundstrat CIO and BitMine Immersion Technologies Chairman Tom Lee continue to suggest that the market’s recent chaos is still part of a broader recalibration from the events of October 10. Nevertheless, Lee is still calling for an Ethereum supercycle . Bitcoin is down nearly 13% in the last week, recently trading at $84,065. Ethereum has fallen harder in the same time frame, dropping 14% over the past seven days and changing hands at $2,731. Bitcoin dove to nearly $81,000 on Friday, marking a fresh seven-month low for the leading cryptocurrency and prompting a market plunge that led to over $2.2 billion worth of crypto liquidations. Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email Get it! Get it!