SEC Approves First 3x Bitcoin and Ether Funds
The U.S. Securities and Exchange Commission has approved the first 3x leveraged bitcoin and ether funds, according to Yahoo Finance.
The United States Securities and Exchange Commission has approved the first 3x leveraged bitcoin and ether funds, according to a report by Yahoo Finance. The regulatory greenlight introduces high-leverage investment vehicles tied to the two largest cryptocurrencies by market capitalization.
Market Impact
Instant Telegram notifications for large on-chain moves.
The approval expands the array of derivatives-based crypto products available to institutional and retail investors seeking amplified exposure to price movements in bitcoin and ether.
Key facts
- The SEC approved the first 3x bitcoin and ether funds.
- The announcement was reported by Yahoo Finance.
Source: news.google.com
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