SatanicXD

SEC withdraws request to launch 3x leveraged ETF funds — with Bitcoin and Ethereum leading A new step could open the door wider to high-leverage institutional trading in the crypto market. 🇺🇸 The SEC has withdrawn its request for Cboe BZX to list 6 daily 3x leveraged ETF funds linked to: ♦️ Ethereum 🥇 Gold 🥈 Silver 🛢️ Crude Oil ⛽ Natural Gas The proposed funds would aim to deliver 3 times the daily performance of the underlying asset, with BTC and ETH funds relying primarily on CME-traded futures contracts rather than holding the coins directly. If approved, 3x Bitcoin and 3x Ethereum funds could become the first products of this type listed in the United States, reflecting the continued expansion of traditional financial infrastructure around digital assets. ⚠️ But leverage is a double-edged sword: A +1% move in the underlying asset may mean roughly +3% for the fund, and vice versa. Also, daily rebalancing can lead to performance differences over time. The question now: Will the SEC approve the first wave of 3x leveraged crypto ETFs? #SECReviewsSix3xLeveragedCommodityETFs