US SEC Approves 3x Leveraged Bitcoin and Ethereum ETFs
ETH Grayscale Ethereum Staking Mini ETF
$22.83 +0.40%
View chart & analysis → - 1The US Securities and Exchange Commission (SEC) approved the listing of Volatility Shares 3x Bitcoin ETF and 3x Ethereum ETF on October 2.
- 2The Volatility Shares 2x Bitcoin ETF recorded a loss rate of 61.9% for the 12-month period ending October 21.
- 3The annual management fee for the Bitcoin fund is 1.85%.
So what's the key point?
The US Securities and Exchange Commission has decided to list products that track the returns of Bitcoin and Ethereum at three times their rate. These products require an annual management fee of 1.85 percent.
Source The Motley Fool · View original ↗
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