SEC clears 3x Bitcoin and Ether ETFs from VS Trust on Cboe BZX
- —SEC approved the Cboe BZX listing of VS Trust's 3x products on Oct. 2
- —BITH tracks CME bitcoin futures, not spot BTC
- —Annual expense ratio is 1.85%; breakeven return is 1.98%
- —A roughly 33% daily move in the index can wipe out the investment
Why it matters: Leveraged ETFs can post losses even if bitcoin returns to the entry price, because daily rebalancing and futures roll costs erode multi-day returns.
Source: TokenPost