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Flying Tulip leads with $200m, xMoney follows with $21.5m
Crypto Trends

Flying Tulip leads with $200m, xMoney follows with $21.5m

by admin October 5, 2025



Crypto projects raised $351 million across 13 deals from September 28 to October 4, led by Flying Tulip’s $200 million seed round, as DeFi and finance-focused ventures dominated the week’s funding activity.

Summary

  • Flying Tulip raised $200m seed at $1b valuation, leading weekly crypto funding.
  • DeFi and finance startups dominate $351m crypto funding across 13 projects.
  • Payments and gaming projects like xMoney and AmbrusStudio secured millions.

Here’s a breakdown of this week’s top announcements, according to Crypto Fundraising data:

Flying Tulip

  • Flying Tulip, a full stack on-chain exchange, raised $200 million in a Seed round
  • Backed by Brevan Howard, CoinFund, and DWF Labs, the startup has a fully diluted valuation of $1 billion.

xMoney

  • The payment infrastructure platform secured $21.5 million from various investors, including Sui Foundation and MultiversX (formerly Elrond).
  • So far, xMoney has raised $31.5 million.

Lava

  • Lava raised $17.5 million ($27.5 million in total).
  • Its backers include Peter Jurdjevic of Qatar Investment Authority, Bijan Tehrani of Stake, Zach White of 8VC, Saurabh Gupta of DST Global, Terry Angelos, formerly of Visa, and Aaron Suplizo, formerly of Block (previously Square).

Today we’re proud to announce we’ve raised $17.5M in additional funding.

We’re also launching our newest product— earn up to 7.5% yield on your USD by funding bitcoin-backed loans on Lava.

2x more than a high-yield savings account, fully backed by BTC. pic.twitter.com/66TluZdkFZ

— lava (@lava_xyz) October 1, 2025

AmbrusStudio (E4C: Final Salvation)

  • Gathered $15 million in an Unknown round
  • E4C token is operating in Gaming, NFT, P2E, and Sports sectors
  • Investment was backed by Capital

Projects < $15 Million

  • Ethena Labs, $14 million in an Unknown round
  • KGeN (ex Kratos), $13.5 million in an Unknown round
  • Talus Labs, $10 million in a Strategic round
  • Yield Basis, $5 million in a Public sale
  • Tea Protocol, $3 million in a Public sale
  • BaseVol, $3 million in a Seed round
  • Novastro, $2 million in a Public sale
  • Nolan, $2 million in a Seed round
  • Drake Exchange, $1 million in a Seed round





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The Bloodlines 2 voice cast features actors from Cyberpunk 2077, Hitman, Vermintide, and Game of Thrones
Product Reviews

The Bloodlines 2 voice cast features actors from Cyberpunk 2077, Hitman, Vermintide, and Game of Thrones

by admin October 5, 2025



Vampire: The Masquerade – Bloodlines 2 – Voice Cast Reveal – YouTube

Watch On

When the original Bloodlines throws John DiMaggio at you right there in the tutorial you know you’re in for some quality voice-acting. The whole cast was stacked with actors familiars from games and TV like Grey DeLisle, Steve Blum, Fred Tatasciore, Mary Elizabeth McGlynn, Dee Bradley Baker—the list goes on.

Bloodlines 2 may not have Bender from Futurama in it, but the recent voice cast reveal does highlight a few familiar voices. Like Jane Perry, who you may know as Diana from the Hitman series, Selene from Returnal, or Rogue from Cyberpunk 2077, playing the refined Lou Graham.

Or Bethan Dixon Bate, who I spent dozens of hours with across the Vermintide games where she plays Sienna, and who also played Vlaakith in Baldur’s Gate 3 and Princeps Orla Gemnon in the Warhammer TV animation Kill Lupercal. She’s Mrs. Amelia Thorn in Bloodlines 2, running a cafe called Wake the Dead whose sign warns customers DO NOT ASK FOR PUMPKIN SPICE.


Related articles

If you played The Chinese Room’s previous horror game Still Wakes the Deep you’ll have heard Alec Newman as its protagonist Cameron “Caz” McLeary, though he was also Adam Smasher in both Cyberpunk 2077 and the anime spin-off Edgerunners, and Paul Atreides in the TV version of Dune. He’s Gideon Hall in Bloodlines 2.

One more I was surprised to see: Richard Brake, who you may know for TV and film credits like the Night King in Game of Thrones and Joe Chill in Batman Begins—he was also Corporal Dean Portman in the Doom movie—playing the Nosferatu Willem Axel. (That’s the guy wearing a bomb vest.)

The other thing this trailer shows off is lip-syncing that looks better than what we’ve seen in previous promotional material for Bloodlines 2. The characters still emote in a much more subdued way than they did in the first game, but that seems like a deliberate decision to keep things low-key, at least in the scenes shown here.

Whether it’s actually any fun to play remains to be seen. We’ll find out when Bloodlines 2 launches on October 21.

Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.



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Inspiron Dell Laptop
Game Reviews

This Dell 16″ Laptop (2TB SSD, 64GB RAM, Core 7) Is $3,400 Off, Amazon Is Selling Out All Laptops

by admin October 5, 2025


The laptop market has become impossibly crowded with dozens of brands and hundreds of models, which makes it very difficult to know where to start. If you want a safe bet backed by decades of reliability and support infrastructure, Dell remains one of the smartest choices you can make.

Within Dell’s lineup, there’s something for every budget and every use case. Right now, if you want maximum performance at the absolute lowest price, Amazon has dropped a deal that borders on absurd: The Dell Inspiron 16 with upgraded specs (Intel Core 7, 64GB DDR5 RAM, 2TB SSD) has plummeted to $1,195 from its typical $4,599 price, which is a 74 percent discount that requires a double-take to believe.

See at Amazon

The Intel Core 7 150U processor boasts 10 cores and 12 threads with a turbo frequency of up to 5.4GHz and provides processing capability that tackles high-end workloads without pause. The 150U is part of Intel’s newest family of mobile processors using their power-efficient architecture, optimizing performance and battery life through smart power management.

Huge Upgrades That Transform Daily Computing

The memory and storage configuration makes it stand apart from bread-and-butter retail models. With 64GB of DDR5 RAM, you can have a bunch of browser tabs open, virtual machines and background processes simultaneously without any system slowdown. DDR5 is a generation improvement over DDR4 with exponentially greater data transfer rates, improved power efficiency and greater performance under heavy multitasking loads.

The 2TB SSD has enough space for your whole digital life without constant file management anxiety. You can have your whole software suite installed, store years of photos and video, download enormous game collections and store local backups without even approaching capacity limits. SSD technology means all loading nearly at the same instant, from system booting to application launching to file copying.

The 16-inch FHD+ touchscreen uses a 1920×1200 resolution with a 16:10 aspect ratio that gives you more vertical space than typical 16:9 screens. It comes in handy while working with documents, spreadsheets, or code when you’d rather see more content without scrolling. The 300-nit brightness delivers clarity in light rooms and the touchscreen feature (no need to use it if you don’t want to) delivers convenience for faster interactions when the keyboard gets too formal.

Windows 11 Pro includes enterprise-grade features like BitLocker encryption, remote desktop, and domain join functionality that are not included in Home versions. The Copilot key provides direct access to Microsoft’s AI assistant.

Connectivity includes Wi-Fi 6E for extremely fast wireless speeds on supporting networks, Bluetooth for peripherals, USB-C and USB-A ports for legacy and newer devices, HDMI output for external monitors, and an SD card reader for photographers transferring files from cameras.

Battery life is 80 percent after just 60 minutes of charging, minimizing downtime when you simply need to have power ready at an instant between classes or meetings.

For $1,195, you’re getting technology that would otherwise cost three or four times that much.

See at Amazon



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Ethereum
NFT Gaming

BitDigital Becomes First Public Ethereum DAT To Deploy Unsecured Leverage – Details

by admin October 5, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

BitDigital (NASDAQ: BTBT) is breaking new ground in finance, becoming the first publicly traded Ethereum DAT to deploy unsecured leverage. The move is an evolution in how public blockchain companies raise capital, blending traditional debt instruments with decentralized infrastructure models. 

Why This Move Redefines Capital Formation For Ethereum DATs

In an X post, BitDigital_BTBT revealed that the company has made history as the first publicly traded Ethereum Digital Asset Treasury (DAT) to deploy unsecured leverage through a convertible notes offering, marking a new milestone in blockchain-based corporate finance. The latest move by the financial behemoth will be beneficial to the company shareholders. 

However, this initiative will enhance capital efficiency for shareholders, without immediate dilution notes due in October 2030. The proceeds will be used to acquire ETH, expand BitDigital’s treasury, and increase institutional staking capacity.

This strategic financing deepens BitDigital’s exposure to ETH, while positioning the asset as a programmable treasury instrument capable of generating institution-grade staking yield. By leveraging traditional debt structures within a decentralized framework, BitDigital reinforces its leadership in ETH-native treasury management and staking strategies. The move also signals ETH’s advanced role in institutional finance, bridging the gap between Web3 infrastructure and legacy capital markets.

Amid the growing exposure to Ethereum, multiple potential projects are being consistently launched on the leading chain. Kriptoloji, an ambassador at Irys_xyz, points out that their restaking design project’s focus isn’t on flashy incentive yields, but on building genuine utility and layering right on top of ETH’s ecosystem. Kriptoloji noted that most projects in DeFi tend to chase the same hype cycles and loops, but Ekoxofficial is building something different with this move. Instead of creating another yield, it aims to make network participation more seamless, efficient, and sustainable.

Meanwhile, the early indicators suggest that a well-received testnet, growing momentum from the Arichain collaboration, and a pipeline of upcoming integrations are starting to establish the foundation for credibility as a long-term infrastructure play rather than a fleeting experiment. “This is not financial advice, but the way they are structuring it’s definitely something worth paying attention to.” Kriptoloji mentioned.

Institutional Adoption Strengthens ETH Long-Term Outlook

Ethereum is still very much recognized at the institutional level. Goldman Sachs’ latest report reveals a powerful trend unfolding as institutional investors are deepening their involvement with ETH, with over $3.5 trillion in assets under management (AUM) now linked to the ecosystem. 

This level of exposure highlights the ETH transformation from a speculative blockchain into a critical layer of institutional-grade infrastructure. According to Crypto Patel, Elite KOL CoinMarketCap and Binance, this institutional pivot is one of the strongest bullish signals for ETH’s future.

ETH trading at $4,490 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Daniel Cunha, Mercado Bitcoin's head of corporate development (Mercado Bitcoin)
Crypto Trends

Walmart-Backed OnePay to Add Bitcoin and Ether Trading to Finance App: CNBC

by admin October 5, 2025



Walmart-backed fintech OnePay plans to roll out cryptocurrency trading and custody features in its app by the end of the year.

The service will let users buy, hold, and convert bitcoin and ether within the app, with crypto infrastructure provided by Chicago-based Zerohash, CNBC reports , citing sources familiar with the matter.

Though OnePay hasn’t publicly confirmed the rollout, the move would put it in line with competitors like Venmo, Cash App, and PayPal, which already offer crypto trading to U.S. users.

Founded in 2021 by Walmart and venture firm Ribbit Capital, OnePay has been building what it calls an “everything app” for digital finance. Its existing services include high-yield savings accounts, debit and credit cards, peer-to-peer payments, and buy now, pay later options.

By adding crypto, OnePay is banking on the idea that its users, many of whom shop at Walmart’s nearly 4,600 U.S. stores, will want to spend, save, or transfer crypto on the same platform they handle cash.

Though OnePay is closely tied to Walmart, the app is operated as a separate company to appeal to a broader user base, particularly Americans underserved by traditional banks.

Last month, Zerohash raised $104 million+ from firms including Morgan Stanley and Interactive Brokers to expand its crypto services for banks and fintechs.



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NFT sales nosedive to $104.5m, CryptoPunks sales in green
NFT Gaming

NFT sales double to $256m, Hypurrr tops the list

by admin October 4, 2025



NFT sales volume more than doubled, surging by 103.11% to reach $256.9 million. This is a notable turnaround from last week’s $84.6 million in sales volume.

CryptoSlam data shows:

  • The number of NFT buyers jumped by 18.25% to 694,348
  • Sellers increased by 17.77% to 584,235.
  • NFT transactions dipped by 8.67% to 1,874,619.

Bitcoin’s (BTC) rally to the $122,000 level has energized the entire crypto market. Ethereum (ETH) has followed suit, climbing to $4,500.

The global crypto market cap now stands at $4.2 trillion, up from last week’s $3.78 trillion. This bullish momentum has spilled over into the NFT sector, which has posted impressive gains.

Hypurrr dominates NFT collections

The Hypurrr collection has emerged as the top performer this week, generating $88.77 million in sales across 850 transactions.

The collection attracted 406 buyers and 645 sellers. Hypurrr also dominated the top individual NFT sales, occupying four of the top five spots.

Source: Top collections by NFT Sales Volume (CryptoSlam)

Moonbirds secured second place with $18.72 million in sales, posting a 254.57% increase. The Ethereum-based collection saw 1,319 transactions, with 398 buyers and 424 sellers participating.

CryptoPunks claimed third position at $17.33 million, recording a 468.88% surge. The collection had 26 transactions, with 20 buyers and 19 sellers.

DX Terminal on the Base blockchain came in fourth with $8.67 million in sales, up 0.73%. The collection processed 367,697 transactions and attracted 113,948 buyers.

DMarket rounded out the top five with $7.95 million in sales on the Mythos blockchain, up 34.95% from the previous week.

Ethereum leads blockchain rankings

Ethereum maintained its position as the leading blockchain for NFT sales, recording $97.4 million in volume, up 124.35% from last week’s $28.3 million.

The network processed wash trading worth $20.84 million, bringing its total to $118.24 million. The platform saw 104,625 buyers, up 3.55%.

HyperEVM took second place with $88.77 million in sales, driven entirely by the Hypurrr collection’s performance. Interestingly, the blockchain recorded zero buyers in the tracked period.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Mythos Chain ranked third with $13.07 million, up 17.69% from last week’s $10.9 million. The blockchain attracted 45,713 buyers, up 20.71%.

Bitcoin placed fourth at $10.97 million, which is a 36.20% increase from last week’s $14.12 million. The network saw 23,635 buyers, up 23.07%.

Base dropped to fifth position with $10.92 million, down 19.71% from the previous week. The blockchain had 284,780 buyers, up 24.15%.

Solana (SOL) landed in seventh place with $7.74 million, up 56.23% from last week’s $16.1 million. The blockchain recorded 56,811 buyers, up 18.33%.

Top individual sales

CryptoPunks #1563 led individual sales at $12.05 million (2745 ETH), sold two days ago.

Four Hypurrr NFTs followed:

  • Hypurrr #3926 sold for $7.86 million
  • Hypurrr #175 sold for $7.82 million
  • Hypurrr #1131 sold for $7.63 million
  • Hypurrr #3460 sold for $6.46 million

All four Hypurrr sales occurred five days ago.



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Stablecoin Yield Means Banks Must Now offer Customers Real Interest
Crypto Trends

Stablecoin Yield Means Banks Must Now offer Customers Real Interest

by admin October 4, 2025



Stablecoins, tokenized versions of fiat currencies that move on blockchain rails, will eventually force banks and other financial institutions to offer customers yields on their deposits to remain competitive, according to Patrick Collison, CEO of payments company Stripe.

The average interest rate for US savings accounts is 0.40%, and in the EU, the average rate on savings accounts is 0.25%, Collison said in response to VC Nic Carter’s X post outlining the rise of yield-bearing stablecoins and the future of the sector. Collison added:

“Depositors are going to, and should, earn something closer to a market return on their capital. Some lobbies are currently pushing post-GENIUS to further restrict any kinds of rewards associated with stablecoin deposits. 

The business imperative here is clear — cheap deposits are great, but being so consumer-hostile feels to me like a losing position,” he continued.

Source: Patrick Collison

Stablecoins have steadily grown in market capitalization and user adoption since 2023, which ramped up following the passage of the GENIUS stablecoin bill in the United States. The GENIUS bill paved the way for a regulated stablecoin industry but also prohibited yield-sharing.

Related: Stablecoin market boom to $300B is ‘rocket fuel’ for crypto rally

Banking Industry fights to restrict yield-bearing opportunities for stablecoins

The banking lobby pushed back against interest-bearing stablecoins while US lawmakers were deliberating what provisions to include in the final draft of the GENIUS stablecoin regulation, according to a report from American Banker.

Banks and their Congressional allies argued that stablecoins offering interest-bearing opportunities to clients would undermine the banking system and erode market share.

“Do you want a stablecoin issuer to be able to issue interest? Probably not, because if they are issuing interest, there is no reason to put your money in a local bank,” New York senator Kirsten Gillibrand told the DC Blockchain Summit in March.

However, crypto industry executives see the rise of stablecoins as the next logical progression and predict that stablecoins will consume legacy fiat payments.

“All currency will be a stablecoin. So even fiat currency will be a stablecoin. It’ll just be called dollars, euros, or yen,” Reeve Collins, co-founder of stablecoin issuer Tether, told Cointelegraph at Token2049.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight



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'Payday' Dev Starbreeze Kills Co-Op 'Dungeons & Dragons' Game
Product Reviews

‘Payday’ Dev Starbreeze Kills Co-Op ‘Dungeons & Dragons’ Game

by admin October 4, 2025



After the success of Baldur’s Gate 3, there’s been talk of Hasbro and Wizards of the Coast releasing more games based on Dungeons & Dragons. Bad news for fans looking forward to that: one of them, a title codenamed “Project Baxter,” has been fully canceled.

The title was in development over at Swedish developer Starbreeze, best known for the Payday franchise and 2012’s Syndicate. In a recent announcement, CEO Adolf Kristjansson said the “difficult but necessary decision” came as the studio is prioritizing a full revamp of its co-op heist franchise Payday. As such, “Baxter” development has been ended, and some of its assigned developers will be “redeployed across Starbreeze’s projects.” Others will be let go and given help by Starbreeze to find employment elsewhere.

“Baxter” was first announced in 2023, with Starbreeze at the time stating it’d feature “signature cornerstones” of its prior works like a live-service model and cooperative play. While the studio’s been quiet on it since then, the game would’ve released sometime in 2026 for “all major platforms.” Around this time in 2024, Starbreeze showed off concept art with a tease that it would show more in the near future.

Dungeons & Dragons is no stranger to live-service games: before Baldur’s Gate 3, there was a co-op-focused reboot of Dungeons & Dragons: Dark Alliance in 2021, and its online servers shut down this past February. Wizards of the Coast, which owns D&D, also cancelled five unannounced games prior to Baldur’s release, some of which were likely D&D games. At the time of writing, a single-player action game from Giant Skull set in the D&D universe—and led by Star Wars: Jedi director Stig Asmussen—remains in development.

Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.



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Dyson V11 Vacuum
Game Reviews

Dyson Silently Offloads V11 Inventory on Amazon, Now 40% Off at a Record-Low Price

by admin October 4, 2025


Dyson is the ultimate luxury in vacuum cleaners and it sets standards that competitors try to copy but never quite match. The brand’s combination of advanced performance and sleek design remains unrivaled in the industry. If you’ve been looking for a new-generation cordless stick vacuum without dropping $1,500 on the latest Dyson flagship model, the V11 Origin is a great breakthrough moment in Dyson’s evolution.

This was the first model to truly enter the “new gen” era of cordless cleaning power and seeing it drop to $399 from $629 on Amazon is unprecedented (nearly 40% off right now). The British company seems to be clearing inventory on earlier models, possibly to push consumers toward their premium $1,000+ options later.

See at Amazon

The Dyson V11 Origin delivers 185AW of suction, 60% more cleaning power than previous Dyson models. We’re talking about the difference between surface-level dust removal and deep extraction of embedded dirt from carpet fibers and hard floor crevices. The motor spins at up to 125,000 revolutions per minute, and it generates the kind of cyclonic force that pulls allergens, pet dander, and fine particles from every surface in your home.

Three Intelligent Modes That Actually Make Sense

The V11 has three different power modes that respond to real-world cleaning conditions. Auto mode takes advantage of sensors integrated into the vacuum to detect floor type and change suction automatically, balancing cleaning performance with battery life. Eco mode gets the most out of battery life for quick maintenance cleaning sessions, allowing you up to 60 minutes of steady use when you’re just doing a few quick touch-ups around the house. Boost mode lets out all the suction power for tough messes like ground-in cereal crumbs or tracked-in mud, but it does drain the battery faster.

The LCD display informs you of the mode you’re in, total amount of runtime remaining to the last second, and maintenance alerts when the filters must be cleaned or clogs form.

The Motorbar cleaner bar head itself is worth an accolade because it solves one of the greatest annoyances of vacuum ownership: Normal brush rolls become tangles of hairballs of mess within minutes of operation and you have to stop and snip away the mess with scissors. Dyson created this head on a spiral brush bar that actively untangles snarled hair and petting fur while you clean. The cleaner head automatically adjusts between carpets and hard floors, which makes a tight seal that doesn’t let dirt seep underneath.

Converting the V11 into handheld mode is a matter of seconds by letting go of the wand which turns it into an all-around cleaning device for cleaning above floors. The whole-machine filtration system captures 99.99% of particles with a diameter of 0.3 microns or smaller such as most common allergens, bacteria, and mold spores.

This deal is unprecedented and it’s one of our favorite Prime Day deals right now.

See at Amazon



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Decrypt logo
NFT Gaming

Defiance Proposes 3X Leveraged Exposure on Bitcoin, Ethereum Funds and Crypto Stocks

by admin October 4, 2025



In brief

  • The Defiance prospectus covers proposals for 49 ETFs offering three times leveraged long and short exposure.
  • The offerings include products focused on Coinbase, BitMine Immersion, Strategy, and ETFs tracking the prices of Bitcoin, Ethereum, and Solana.
  • Defiance already offers a number of two times leveraged funds for Strategy and Robinhood, among other firms.

An asset manager known for exchange-traded funds geared toward risk-embracing investors wants to ratchet up the possibilities for these thrill-seekers, filing an application for 49 funds offering three times long and short leveraged exposure to tech and crypto-focused firms, gold, and ETFs that individually track the price of Bitcoin, Ethereum and Solana, among other assets. 

The Defiance Investments’ N-1A prospectus filed Friday with the U.S. Securities and Exchange Commission includes proposals for the 3X leveraged and inverse leveraged ETFs for crypto exchange giant Coinbase, Bitcoin treasury MicroStrategy, brokerage Robinhood, Ethereum treasury BitMine Immersion, and USDC stablecoin issuer Circle. It also aims to provide similar exposure to Grayscale’s Bitcoin and Ethereum mini-trust ETFs, and Volatility Shares’ Solana ETF.

Defiance and other firms already offer a number two times leveraged ETFs that are geared toward short-term investors, asking them to speculate on the one-day direction of certain stocks, many of them in the technology sector.



The company’s current offerings include the Daily Target 2X Long MSTR ETF (MSTX) and Daily Target 2X Long HOOD (HOOX), which seek results that are two times the daily share price change of Strategy and Robinhood. 

Three times leveraged funds are far rarer, with many observers of the space doubting that issuers would try to introduce more of these products, which can become a bad bet if the underlying asset veers in an unexpected direction. The prospectus itself warns repeatedly that the various funds proposed may not be right for all investors. 

“Things are getting wild,” Bloomberg ETF Analyst James Seyffart quipped in a Friday X post on the Defiance offerings. 

Still, the proposal with its crypto-focused products dovetails with issuers’ growing efforts to address investor demand for funds based on digital assets. On Friday, LeverageShares and Themes Trust included 3X long and short funds focused on COIN and HOOD among 14 ETFs in its proposal to the SEC.  

As of late August, the regulator was weighing more than 90 ETFs tracking individual tokens, combinations of coins, and different strategies. Those applications, which once seemed unlikely, followed the raging success of spot Bitcoin and Ethereum ETFs, with the BTC funds alone now commanding about $150 billion in assets, according to data from analytics platform CoinGlass. 

In a text to Decrypt, ETF.com Senior ETF Analyst Sumit Roy noted market concern about 3X funds and their potential limited audience.

“The conventional wisdom was that the SEC was only going to allow 2X leverage going forward, but these filings suggest that it may be willing to allow more volatile products to hit the market,” Roy wrote. “If they launch, these would be extremely risky funds designed for the most aggressive short-term traders.”

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