PANews reported on November 21 that, according to Cryptopolitan, European ETP provider Leverage Shares has submitted an application to create a 2x leveraged Kraken ETF, tracking the daily performance of the cryptocurrency exchange Kraken. Eric Balchunas, senior ETF analyst at Bloomberg, stated that this application represents the first attempt to create a leveraged product directly linked to a private cryptocurrency exchange. The proposed ETF could offer investors twice the returns from Kraken's daily price fluctuations, and Kraken recently filed for a secret US IPO. Furthermore, Balchunas believes the ETF may not be listed until next year.