SEC Approves 3x Long Bitcoin and Ethereum ETPs Under the 1933 Securities Act
The U.S. Securities and Exchange Commission has approved 3x long exchange-traded products tied to Bitcoin and Ethereum, alongside similar products for other commodities, under the Securities Act of 1933.
The approval broadens the range of regulated crypto-linked investment products available to the market. It may also draw attention from institutions and investors seeking amplified exposure to BTC and ETH—though leveraged ETPs carry substantially higher volatility and can magnify losses as well as gains.
Bitcoin is currently trading around $85,195.46 on Binance, up about 0.50% over the past 24 hours. Its session high is $85,428.01 and low is $84,558.00.
$BTC
#EthereumValidatorExitQueueJumps392% #SECHaltsCryptoETFReviewsAmidFundingLapse #GreekPoliceBustCryptoScamRingArrest17 #FedOctoberRateHikeOddsFallTo17% #NvidiaHitsRecordHighUp2.4%
The U.S. Securities and Exchange Commission has approved 3x long exchange-traded products tied to Bitcoin and Ethereum, alongside similar products for other commodities, under the Securities Act of 1933.
The approval broadens the range of regulated crypto-linked investment products available to the market. It may also draw attention from institutions and investors seeking amplified exposure to BTC and ETH—though leveraged ETPs carry substantially higher volatility and can magnify losses as well as gains.
Bitcoin is currently trading around $85,195.46 on Binance, up about 0.50% over the past 24 hours. Its session high is $85,428.01 and low is $84,558.00.
$BTC
#EthereumValidatorExitQueueJumps392% #SECHaltsCryptoETFReviewsAmidFundingLapse #GreekPoliceBustCryptoScamRingArrest17 #FedOctoberRateHikeOddsFallTo17% #NvidiaHitsRecordHighUp2.4%
