Leveraged & inverse blockchain ETFs are set to hit the market

Two new leveraged and inverse blockchain ETFs are set to be unveiled. The new ETFs are the Elevate Shares 2X Daily Blockchain ETF: BLOC and the Elevate Shares Inverse Daily Blockchain ETF: KOLB. According to the U.S. Securities and Exchange Commission prospectus that was filed, both funds are a leveraged and inverse version of the Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK). The Elevate Shares 2X Daily Blockchain ETF will seek to provide investors with a daily 200% return of BLOK. Conversely, the Elevate Shares Inverse Daily Blockchain ETF will aim to provide market participants with a 100% inverse return of BLOK. At the current juncture, neither funds have not been given expense ratios, but BLOK currently has a ratio of 0.71%. BLOK provides investors with exposure to stocks involved in blockchain transactions, crypto mining, semiconductors and other similar areas. Moreover, it provides individuals the opportunity to gain adjacent exposure to crypto-assets such as