On the 2nd, the U.S. SEC approved a rule change proposal submitted by the Cboe BZX Exchange, allowing the listing and trading of six 3x leveraged ETFs for Bitcoin (BTC), Ethereum (ETH), gold, silver, crude oil, and natural gas. This was highlighted by Bloomberg ETF specialist Eric Balchunas in a post on X.
Each ETF aims to achieve three times the daily price movement of the reference asset before fees and expenses, using futures contracts. The two ETFs for Bitcoin and Ethereum primarily focus on CME...
