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.
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.
Broadened Crypto ETP Access
Instant Telegram notifications for large on-chain moves.
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.
Source: news.google.com
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