SEC Approves VolatilityShares' 3x Bitcoin ETP
- —SEC approved a 3x Bitcoin ETP under the 1933 Act
- —The package includes 3x products on Ether, gold, silver, oil and gas
- —VolatilityShares is the issuer; Cboe had filed similar products earlier
- —Products target institutional demand for leveraged exposure
Why it matters: Leveraged ETPs could broaden institutional access to Bitcoin and lift trading volumes and volatility.
Source: Coinfomania