UK ETP issuer Leverage Shares files to launch inverse Bitcoin ETF

UK-based exchange-traded product (ETP) issuer Leverage Shares has filed with the U.S. SEC to launch an inverse ETF that would bet on a decline in Bitcoin. Bloomberg ETF analyst Eric Balchunas noted that the product would likely have a structure similar to past volatility-related inverse exchange-traded notes (ETNs) like XIV, but with Bitcoin as its underlying asset.