The SEC has approved the first U.S. 3x leveraged $BTC and $ETH ETFs, clearing Volatility Shares’ products for listing on Cboe BZX.
Using regulated futures contracts, the funds will aim to deliver 3x the daily price movements of Bitcoin and Ether.
The approval is part of a broader expansion that also covers 3x products linked to gold, silver, crude oil and natural gas.
Investors will still need to wait for the ETFs’ registration statements to become effective before trading can begin.
Once live, a 2% daily move in Bitcoin futures, for example, could translate into roughly a 6% move in the 3x fund.
Because the exposure resets every day, longer holding periods can produce very different results from simply multiplying Bitcoin or Ether’s overall return by three.
#BitcoinETFs #EthereumETF #ETFsOnFire
Using regulated futures contracts, the funds will aim to deliver 3x the daily price movements of Bitcoin and Ether.
The approval is part of a broader expansion that also covers 3x products linked to gold, silver, crude oil and natural gas.
Investors will still need to wait for the ETFs’ registration statements to become effective before trading can begin.
Once live, a 2% daily move in Bitcoin futures, for example, could translate into roughly a 6% move in the 3x fund.
Because the exposure resets every day, longer holding periods can produce very different results from simply multiplying Bitcoin or Ether’s overall return by three.
#BitcoinETFs #EthereumETF #ETFsOnFire