World Funds Trust has submitted applications for 6 leveraged ETFs based on Bitcoin spot to the SEC

ChainCatcher news, according to a document shared by Bloomberg analyst Henry Jim on the X platform, World Funds Trust has submitted applications for 6 leveraged ETFs based on spot Bitcoin to the U.S. Securities and Exchange Commission (SEC), with leverage ratios of 1.5x, 1.75x, and 2x leveraged/inverse leveraged ETFs. Codes/fees are pending, and the effective date is March 18, 2024. Additionally, the document indicates that all these ETFs will use the yet-to-be-launched iShares spot Bitcoin ETF as the initial reference ETF, but reserve the right to use other spot Bitcoin ETFs.

It is reported that World Funds Trust is an open-end management investment company, established as a Delaware statutory trust on April 9, 2007.