According to Coinotag, ProShares has suspended its planned 3x leveraged ETFs for Bitcoin, Ether, XRP, and Solana following concerns from the U.S. Securities and Exchange Commission (SEC). The regulator warned that such products may not accurately reflect the extreme volatility of the underlying assets, potentially leading to rapid value erosion for investors. Bloomberg Intelligence data shows over 350 trading sessions with at least one asset experiencing a 33% daily shift, which could cause leveraged funds to fail. ProShares has withdrawn its filings to address these issues before proceeding.
ProShares Halts 3x Leveraged Crypto ETFs Amid SEC Volatility Concerns
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