SEC Approves First Leveraged Bitcoin Futures ETF

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The SEC has approved the first leveraged cryptocurrency ETF in the United States, which will allow customers to gain bitcoin exposure by putting up only half the value of the bitcoin. The ETF is set to launch on Tuesday and corresponds with the CME Bitcoin Futures Daily Roll Index. The regulator has not denied the application for the 2x ETF, Volatility Shares Chief Investment Officer Stuart Barton said, paving the way for its launch this upcoming Tuesday. “It’s exciting to see digital assets in the ETF wrapper,” Barton said.

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