Cboe seeks SEC approval for first US 3x leveraged Bitcoin and Ethereum ETFs amid weak crypto ETF demand.
Cboe has filed with the SEC to list the first triple-leveraged Bitcoin and Ethereum ETFs in the US, aiming to offer investors 3x daily exposure to these cryptocurrencies. This move comes as demand for crypto ETFs has weakened, with recent outflows from Bitcoin and Ethereum ETFs. Despite the filing, Bitcoin and Ethereum prices remain stable around $63,000 and $1,879 respectively. Technical analysis suggests Bitcoin could trade between $60,000 and $70,000, while Ethereum shows potential for a 28% price surge if it breaks resistance at $1,947. The approval of these ETFs could introduce new leveraged investment options for crypto investors in the US market.
Cboe has filed with the SEC to list the first triple-leveraged Bitcoin and Ethereum ETFs in the US, aiming to offer investors 3x daily exposure to these cryptocurrencies. This move comes as demand for crypto ETFs has weakened, with recent outflows from Bitcoin and Ethereum ETFs. Despite the filing, Bitcoin and Ethereum prices remain stable around $63,000 and $1,879 respectively. Technical analysis suggests Bitcoin could trade between $60,000 and $70,000, while Ethereum shows potential for a 28% price surge if it breaks resistance at $1,947. The approval of these ETFs could introduce new leveraged investment options for crypto investors in the US market.
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