SEC Approves First 3x Leveraged Bitcoin and Ethereum ETFs

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On Tuesday, news broke that the SEC approved the first 3x leveraged Bitcoin and Ethereum ETFs. ETF Store President Nate Geraci confirmed that the U.S. regulator has greenlit products tracking three times the daily performance of BTC and ETH. SEC filings indicate the launch follows a major shift in regulatory stance, with Bitcoin ETF developments now moving faster than ever before. Geraci noted that just under three years ago, the SEC was still litigating over a standard spot Bitcoin ETF.

Odaily Planet Daily reports that Nate Geraci, President of ETF Store, stated that the U.S. SEC has approved the first triple-leveraged Bitcoin and Ethereum ETFs for trading. Recent SEC filings indicate that the related products are ETFs designed to achieve investment results of three times the daily performance of Bitcoin or Ethereum.

Geraci said that less than three years ago, the SEC’s litigation with Grayscale over a standard spot Bitcoin ETF was still ongoing, and today the regulatory environment has changed significantly.

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