🔥 “Want 3× the Bitcoin gains? You could soon get 3× the losses too!” 🔥
Cboe( Chicago Board Options Exchange) has asked the SEC for permission to list new 3× leveraged Bitcoin and Ether ETFs. (SEC +1).
If BTC rises 1% in a day → ETF targets about +3%.If BTC falls 1% → ETF targets about-3%.
The same applies to Ether.
These products mainly use futures, not direct BTC/ETH holdings.
SEC approval has not happened yet.
Market impact:
This could bring more leveraged crypto exposure into regulated U.S. markets, but it also means much higher risk and faster losses. (theblock.co).
#CboeSeeks3xBitcoinAndEtherETFs
Cboe( Chicago Board Options Exchange) has asked the SEC for permission to list new 3× leveraged Bitcoin and Ether ETFs. (SEC +1).
If BTC rises 1% in a day → ETF targets about +3%.If BTC falls 1% → ETF targets about-3%.
The same applies to Ether.
These products mainly use futures, not direct BTC/ETH holdings.
SEC approval has not happened yet.
Market impact:
This could bring more leveraged crypto exposure into regulated U.S. markets, but it also means much higher risk and faster losses. (theblock.co).
#CboeSeeks3xBitcoinAndEtherETFs