SEC Approves the First Batch of 3x Leverage for Bitcoin and Ethereum in the US ETP
Ai Focus
The U.S. Securities and Exchange Commission (SEC) approved a rule change on October 2 by Cboe BZX under the Chicago Board of Options Exchange, allowing Volatility Shares to launch 6 futures-based ETP products that offer three times the exposure to the daily performance of Bitcoin, Ethereum, gold, silver, crude oil, or natural gas. Reports indicate that these products are reset daily and may experience significant losses quickly in volatile or sideways markets, and trading will not begin immediately until another registration takes effect. Observers say this is an important step in expanding regulated investment channels for crypto assets.
The U.S. Securities and Exchange Commission (SEC) approved a rule change on October 2 that allows Volatility Shares to launch six exchange-traded products (ETPs) based on futures, providing three times the daily exposure for Bitcoin, Ethereum, gold, silver, crude oil, or natural gas.
The report indicates that these products will be reset daily, which means that in markets with significant fluctuations or sideways movements, investors may quickly face substantial losses.
In addition, trading for these products will not begin immediately until another separate registration statement comes into effect.
Observers say that this move is an important step in expanding investment channels for regulated crypto assets. The report also notes that considering that just three years ago, SEC was still defending itself in court regarding the issue of spot Bitcoin ETF, this progress also marks a significant change in regulatory attitudes.
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