ETF Store President: SEC Approves First Batch of 3x Leveraged Bitcoin and Ethereum ETFs for Trading

Odaily News: Nate Geraci, President of ETF Store, stated that the U.S. SEC has approved the first batch of 3x leveraged Bitcoin and Ethereum ETFs for listing and trading. Recent SEC filings show that the related products include ETFs seeking to achieve 3x the daily performance of Bitcoin or Ethereum.

Geraci noted that less than three years ago, the SEC's lawsuit with Grayscale over a standard spot Bitcoin ETF had not yet concluded, and now the regulatory environment has changed significantly.