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SEC Approves 3x Leveraged ETPs for Bitcoin and Ethereum

The U.S. Securities and Exchange Commission has approved 3x leveraged exchange-traded products tied to Bitcoin and Ethereum.

BMC Newsroom
AI-assisted news desk · reviewed by editors

1 min read
SEC Approves 3x Leveraged ETPs for Bitcoin and Ethereum
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The U.S. Securities and Exchange Commission has approved 3x leveraged exchange-traded products tied to Bitcoin and Ethereum, according to Pluang. The decision allows market issuers to offer triple-exposure instruments tracking the market's two largest digital assets.

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The regulatory approval marks an expansion in the variety of exchange-traded crypto offerings. Under the ruling, ETP structures designed to deliver three times the daily performance of Bitcoin and Ethereum have received clearance.

Key facts

  • The SEC approved 3x leveraged exchange-traded products for Bitcoin and Ethereum, according to Pluang.
  • The decision expands crypto ETP products to include triple-leveraged daily exposure instruments.
  • The approval covers products tracking the two largest digital assets by market capitalization.
$BTC#Bitcoin#Ethereum#ETFs

Source: news.google.com

This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.