With the ETF, Bitcoin network activity is effectively "12/5" rather than "24/7," heavily influenced by NYSE trading hours.

CRYPTO ETFS NO LONGER NEED A 200-DAY SEC PROCESS TO LAUNCH Gabby Vennitti, Head of ETF Listings at @Nasdaq, sat down with us at Future Proof to discuss: -Nasdaq amended its listing rules this summer so active crypto strategies can launch like any other ETF, instead of a lengthy SEC review - A new "15% buffer" rule, where 85% of a crypto index must meet standard listing requirements, but 15% can be tokens of the issuer's choice that don't -Says it used to be that funds couldn't even hold the underlying crypto commodity directly. Now they can, and issuers are actively using the new flexibility

The SEC's Oct 2 order clears Cboe to list Volatility Shares' 3x bitcoin ETP, yet shares can't trade until the S-1 is effective, and a daily-reset 3x bet on CME bitcoin futures loses money in a choppy week even when bitcoin ends flat.

🚨 U.S. SEC: 3× Bitcoin and Ether futures funds have cleared a key listing hurdle. Trading dates are still unconfirmed, and daily rebalancing can make long-term returns differ sharply from 3×. 👀

The SEC just blessed 3x leveraged Bitcoin ETPs. No coins behind them. Just futures, swaps, and daily decay. Welcome to the synthetic casino. Remember not your keys, not your coins.

Less than 3 years ago, the SEC was still fighting Grayscale in court just to approve a plain spot Bitcoin ETF. This week it approved 3x leveraged Bitcoin and Ether ETFs. Here's what that actually means 👇

SEC APPROVES 3X LEVERAGED ETPS ON BITCOIN, ETHEREUM, GOLD, SILVER, OIL, AND NATURAL GAS The SEC has approved three 3x leveraged ETPs linked to Bitcoin, Ethereum, gold, silver, crude oil, and natural gas under the Securities Act of 1933. This move expands leveraged ETP offerings to include both cryptocurrencies and traditional commodities.

🚨 🇺🇸SEC just cleared 3x $BTC and $ETH products for Cboe. Oct 2 order lets Volatility Shares list 3x Bitcoin and Ether ETPs. They target 3x the daily CME futures move, not spot. Trading still needs an effective S-1. Same shelf as gold and oil. More access, but daily reset means vol drag is the real risk. Bid builder or flush amplifier? #NK10 #Bitcoin #ETH #Crypto

Canary filed an amended S-1 with the SEC on October 2, proposing the listing of the PEPE ETF on Cboe BZX. The fund will enable investors to gain exposure to the price of PEPE through an ETF rather than holding the token directly, with its NAV referencing the CoinDesk PEPE Benchmark Price, net of related expenses.

THE ETF WRAPPER'S BEST FEATURE WAS A HAPPY ACCIDENT -Kristian D'Agostino, Head of ETF Solutions at @Nasdaq says the creators of the ETF wrapper 33 years ago didn't realize the create/redeem structure would deliver its tax efficiency. It "happened by happenstance" -The wrapper has already passed 1,000 new products this year alone, now totaling $16T in assets across 5,500 products -Says the wrapper can hold almost anything as long as it's rules-based