BREAKING: The SEC just approved the FIRST 3x Bitcoin and Ether ETFs in US history. 🚨
On Oct 2, the SEC approved six 3x ETFs from Volatility Shares covering BTC, ETH, gold, silver, oil and gas — until now, US crypto funds were capped at 2x.
Here is the catch nobody is talking about: they cannot trade yet — the registration still needs SEC approval, with no deadline. And Bloomberg's Eric Balchunas warns they are "for trading, not investing": daily rebalancing bleeds money in choppy markets. If BTC goes up 10% then down 10%, the 3x fund ends down 9%.
Do you think these funds will boom — or burn? 👇
$BTC $ETH
#Bitcoin #ETF #CryptoNews
On Oct 2, the SEC approved six 3x ETFs from Volatility Shares covering BTC, ETH, gold, silver, oil and gas — until now, US crypto funds were capped at 2x.
Here is the catch nobody is talking about: they cannot trade yet — the registration still needs SEC approval, with no deadline. And Bloomberg's Eric Balchunas warns they are "for trading, not investing": daily rebalancing bleeds money in choppy markets. If BTC goes up 10% then down 10%, the 3x fund ends down 9%.
Do you think these funds will boom — or burn? 👇
$BTC $ETH
#Bitcoin #ETF #CryptoNews