LeverageShares plans to introduce the first 3x leveraged and inverse bitcoin and ether ETFs in Europe next week. The launch was highlighted by Bloomberg Intelligence analyst Eric Balchunas, who noted that the rollout comes at a complicated moment for the crypto market.
The four new products will trade on Switzerland’s SIX exchange. They include 3x long and 3x short versions tied to both bitcoin and ether. These listings expand LeverageShares’ existing lineup, which already includes leveraged tools linked to semiconductors, artificial intelligence, blue chip indexes, and individual companies. Leveraged ETFs rely on derivatives and borrowed capital to amplify the daily performance of an underlying asset.
Balchunas described the timing as potentially fortunate or unfortunate depending on perspective. The backdrop is a sharp decline in demand for crypto ETFs. JPMorgan data shows retail investors have pulled roughly four billion dollars from spot bitcoin and ether ETFs in November, already surpassing the previous record set in February.
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
Analysts at the bank also pointed to selling pressure triggered by bitcoin moving below their estimated production cost support level of ninety four thousand dollars. They noted that while perpetual futures markets have steadied since October, non crypto native retail traders continued to sell spot ETF positions. At the same time, retail investors shifted close to ninety six billion dollars into equity ETFs this month, including leveraged stock funds, even though broader markets have been trending lower.
The world’s largest ETF, the Vanguard S&P 500 ETF (VOO), dipped under six hundred dollars for the first time in more than two months. It now sits about five percent below its late October peak.
Crypto markets have seen far steeper losses. Bitcoin has fallen about thirty five percent from its early October high above one hundred twenty six thousand dollars. Ether has dropped more than forty three percent over the same period.
With volatility rising and investor behavior shifting quickly, the launch of Europe’s first 3x bitcoin and ether ETFs lands at a moment that could either amplify opportunity or risk. For now, all eyes will be on how traders respond once these new products hit the market.
