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SEC Approves 3x Leveraged Bitcoin and Ether ETPs, but Trading Has to Wait
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SEC Approves First 3x Leveraged Bitcoin And Ether ETPs In The US
The post SEC Approves First 3x Leveraged Bitcoin And Ether ETPs In The US appeared first on Coinpedia Fintech News The SEC greenlit a Cboe BZX rule change on October 2, allowing Volatility Shares to launch six futures-based ETPs offering three times the daily performance of Bitcoin, Ether, gold, silver, crude oil, or natural gas. The products reset daily, meaning sharp losses can hit fast in volatile or sideways markets, and trading won’t begin …
The SEC approved a change of rule to list six 3x leveraged ETPs, including products linked to Bitcoin and Ether. However, the funds still need their S-1 registration declarations to come into effect before they start trading.
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