Pulled up the charts right after the #SEC news and... nothing đ
The SEC just approved 3x leveraged $BTC and $ETH ETFs from Volatility Shares. First time the US gets 3x crypto ETFs (2x was the max). You can't buy them yet though, still waiting on the final sign-off. $BTC is doing its thing between $85K and $87K, back above $86.2K now. $ETH? Glued to $2.7K since yesterday. The 3x part is what bugs me. In a market like this one a 3x fund slowly bleeds. BTC +10% then -10% leaves you down 1%. Same week on 3x, you're down roughly 9%, and nothing even crashed. I get why people want it. I just think most of them will hold it way too long. đ„ Anyone here actually planning to touch these? #Bitcoin Price Prediction: What is Bitcoins next move?# #BTC Price Analysis# #Macro Insights# #ETFs
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