🚨 The SEC Approved 3x Bitcoin and Ether ETPs On October 2, the SEC cleared the first triple-leveraged Bitcoin and Ether products in the US, issued by Volatility Shares and set to list on Cboe BZX. To show what 3x really means, I ran today's numbers (today) 👇 🟠 $BTC fell about 5.3% today, so a 3x product would be down roughly 15.8%. 🟣 ETH dropped around 7.5%, which means a 3x version would be down about 22%. That's in a single day, on a fairly normal red session for crypto 😅 And there's an extreme case worth remembering, because on March 12, 2020, $BTC fell close to 40% in one day, which would have wiped out a 3x daily product almost completely. These funds can be great for short trades with strict risk control, but they're tools for days, not for holding through a cycle 🎯 #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#