✉news BusinessCrypto first seen 6 h ago, last 5 min ago, peak #12
SEC approves first 3x bitcoin and ether ETFs in the U.S.
The U.S. Securities and Exchange Commission has approved the first exchange-traded funds offering 3x leveraged exposure to bitcoin and ether, marking a new stage for crypto products on American markets. The leveraged ETFs will let investors amplify gains — and losses — on the two largest cryptocurrencies, and the decision is being closely watched by traders and fund providers weighing further crypto-linked products.
Why now: Regulatory approval of leveraged crypto ETFs is a significant shift in U.S. treatment of digital assets, drawing attention from investors and the crypto industry.
SECbitcoinetherUnited StatesCoinDesk
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