According to @EricBalchunas, 21Shares has filed for a 2x HYPE leveraged ETF. According to @EricBalchunas, he characterizes the product as very niche today but notes similar funds can accumulate a few billion dollars in assets within 3 to 4 years. According to @EricBalchunas, the current ETF launch cycle is a land rush comparable to past waves in thematic, currency-hedged, and smart beta strategies.