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Leveraged Bitcoin ETF Approval From SEC!
The SEC has announced that it has approved the launch of the first leveraged Bitcoin futures ETF in the United States.
As the US approval race continues for spot Bitcoin ETFs, the SEC made an unexpected decision. The SEC has announced that it has approved the first leveraged Bitcoin ETF.
SEC Approves Leveraged Bitcoin ETF
While there has been an approval race for a spot Bitcoin ETF in the US in recent weeks, the SEC has given the industry a welcome approval. The US Securities and Exchange Commission (SEC) has announced that it has approved the first leveraged Bitcoin ETF.
The SEC has approved the first leveraged Bitcoin Futures ETF. However, Volatility Shares' offering is the first ETF of its kind currently available in the United States. It will start trading on Tuesday, according to a Coindesk report.
Registered futures ETF emerges as a result of similar developments in the sector. Specifically, BlackRock has put a plan in motion for its Bitcoin Spot ETFs. In contrast, the Volaitlty Shares futures ETF has been approved and is set to go live next week.
The SEC's approval of a leveraged Bitcoin ETF was hailed as a promising event for the industry. However, eyes will be on the SEC for spot Bitcoin ETF approvals in the future.
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