SEC Approves 3x Leveraged Bitcoin and Ether ETPs
This report is based on information published by coinpedia.org. The SEC approved a Cboe BZX rule change for six futures-based ETPs tied to Bitcoin, Ether and four commodities, but trading cannot start until final registration.
This report is based on information published by coinpedia.org. The U.S. Securities and Exchange Commission approved a Cboe BZX rule change for six new futures-based exchange-traded products tied to Bitcoin, Ether and four commodities.
The products are designed to target three times the daily performance of those assets. Investors still must wait for final registration before trading can begin.
Key Takeaways
- The SEC approved a Cboe BZX rule change for six new futures-based ETPs.
- The products target three times the daily performance of Bitcoin, Ether and four commodities.
- Trading cannot begin until final registration is completed.
Context
Futures-based exchange-traded products are designed to track the performance of underlying assets through futures contracts rather than holding the assets directly. Regulatory approval of a rule change is one step in the process, but final registration is still required before the products can trade.
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