NewsMV
Cboe has applied to the SEC for permission to list triple-leveraged bitcoin and ether exchange-traded funds in the United States.
LeverageShares debuted the world's first 3x BTC and ETH ETFs in Europe, and Cboe's application is the vehicle for a US debut.
If the regulator approves, these would be the first products of that structure to trade domestically. The derivatives question is what a regulated 3x wrapper does to positioning.
A 3x ETF on bitcoin or ether channels retail demand for leveraged exposure into an exchange-listed vehicle.
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