🚨 3x leverage on $BTC and $ETH is coming to US markets.
On Oct 2, the SEC approved Cboe's rule change to list Volatility Shares' 3x Bitcoin ETF and 3x Ether ETF (plus gold, silver, crude oil and natural gas versions). It's the first US approval of triple-leveraged products tied to Bitcoin and Ether.
The catch: no trading yet. A separate S-1 registration still has to go effective, and no launch date has been set. The funds track 3x the DAILY move of futures, not spot.
So a 5% $BTC day could mean roughly a 15% move in the fund, both ways ⚡
Would you touch a 3x crypto ETF, or is this a liquidation machine with a ticker? 👇
#Bitcoin #Ethereum #ETF #Crypto
On Oct 2, the SEC approved Cboe's rule change to list Volatility Shares' 3x Bitcoin ETF and 3x Ether ETF (plus gold, silver, crude oil and natural gas versions). It's the first US approval of triple-leveraged products tied to Bitcoin and Ether.
The catch: no trading yet. A separate S-1 registration still has to go effective, and no launch date has been set. The funds track 3x the DAILY move of futures, not spot.
So a 5% $BTC day could mean roughly a 15% move in the fund, both ways ⚡
Would you touch a 3x crypto ETF, or is this a liquidation machine with a ticker? 👇
#Bitcoin #Ethereum #ETF #Crypto