ETF Store President Nate Geraci said the U.S. Securities and Exchange Commission has approved the first 3x leveraged exchange-traded funds tied to Bitcoin and Ether for listing and trading. Recent SEC filings show the products are designed to seek investment results equal to three times the daily performance of either Bitcoin or Ether. Geraci also pointed to how quickly the regulatory picture has shifted. He said that less than three years ago, the SEC was still locked in litigation with Grayscale over a standard spot Bitcoin ETF, while the market is now seeing approval for far more aggressive crypto-linked ETF structures. The comment highlights how much the agency’s stance on digital-asset investment products has changed in a relatively short period.
ETF Store President Nate Geraci said the U.S. Securities and Exchange Commission has approved the first 3x leveraged Bitcoin and Ether exchange-traded funds for listing and trading.
Recent SEC filings show the products include ETFs that seek investment results equal to three times the daily performance of Bitcoin or Ether.
Geraci said that less than three years ago, the SEC was still in litigation with Grayscale over a standard spot Bitcoin ETF. He said the regulatory environment has now changed significantly.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
