World Funds Trust submitted applications to the U.S. SEC for six leveraged ETFs based on Bitcoin spot

According to BlockBeats news, on January 4, according to documents shared by Bloomberg Intelligence analyst Henry Jim on the X platform, World Funds Trust has submitted applications to the U.S. Securities and Exchange Commission (SEC) for six leveraged ETFs based on Bitcoin spot. , respectively 1.5x, 1.75x, and 2x leveraged/inverse leveraged ETFs. Code/fee to be determined, effective date March 18, 2024. The ETFs all 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, the filing shows. It is reported that World Funds Trust is an open-end management investment company organized as a Delaware statutory trust on April 9, 2007.