SEC opens door to 3x Bitcoin and Ethereum funds – Here’s the catch!
The SEC approved daily leveraged exchange-traded funds tied to bitcoin, ethereum and gold. The approval opens the way for 3x bitcoin and ethereum funds, with the products designed to magnify daily market moves across crypto and traditional assets.
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Crypto traders and traditional-market investors now have a new class of leveraged exchange-traded products tied to bitcoin, ethereum and gold. That matters today because the products are now approved and described as designed to magnify daily price moves, which is the practical change visible in the market tomorrow morning.
Before this approval, these 3x bitcoin and ethereum funds were not yet cleared in the form described here. What changes in practice is the ability to list and use daily leveraged exposure through exchange-traded funds tied to major assets, while the basic goal of seeking exposure to those assets remains the same.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 11 days ago | BitMine Lifts ETH Treasury to 6.02 Million With Smallest Buy Since Mid-August event | 2 actors in common · 10 news media |
| 12 days ago | SEC Clears Cboe to List Volatility Shares’ 3x Bitcoin and Ether Funds event | 2 actors in common · 7 news media |
| 14 days ago | SEC approves 3x leveraged Bitcoin and Ether ETPs, but trading has to wait event | 2 actors in common · 5 news media |
| 10 days ago | SEC Seeks Final Judgment Against Former Western Asset Co-CIO Ken Leech in Cherry Picking Case event | 1 actors in common · 3 news media |
| 10 days ago | SEC’s new crypto FAQ is a reference, not a shield, says Renato Mariotti event | 1 actors in common · 3 news media |
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