SEC approves first 3x leveraged bitcoin and ether ETFs
The SEC has approved 3x leveraged bitcoin and ether ETFs, a first for U.S. crypto funds previously capped at 2x leverage. Trading cannot begin until the SEC declares the registration statement effective, so no launch date has been set yet.
The approval marks the first triple-leverage crypto funds permitted in the U.S.
Trading is pending a separate SEC step declaring the registration statements effective.