3x Bitcoin and Ether ETFs cleared for listing
An SEC order dated Oct 2 approved the rule change that lets Cboe BZX list daily 3x funds tied to BTC and ETH futures. Registration and a first trading date are still unconfirmed, so nothing is live yet.
The $BTC fund would hold CME futures. CME open interest right now: 105.65K BTC ($9.02B), about 16.39% of the 644.56K BTC ($54.98B) total
The catch is the daily reset. Compounding means a few volatile weeks can drift far from 3x the move. This is a short-term trading tool, not a hold.
Verify first. Risk later. Scale slowly...
#Bitcoin #BTC #CryptoETF
An SEC order dated Oct 2 approved the rule change that lets Cboe BZX list daily 3x funds tied to BTC and ETH futures. Registration and a first trading date are still unconfirmed, so nothing is live yet.
The $BTC fund would hold CME futures. CME open interest right now: 105.65K BTC ($9.02B), about 16.39% of the 644.56K BTC ($54.98B) total
The catch is the daily reset. Compounding means a few volatile weeks can drift far from 3x the move. This is a short-term trading tool, not a hold.
Verify first. Risk later. Scale slowly...
#Bitcoin #BTC #CryptoETF
