Cboe Files With SEC to List 3x Bitcoin, Ether ETFs
Uk Jin
Summary
- Cboe BZX Exchange filed a proposed rule change to list six ETFs designed to deliver three times the daily return of major assets including Bitcoin and Ether.
- The ETFs would invest primarily in futures traded on the Chicago Mercantile Exchange and aim to generate triple the daily return.
- The structure targets a gain of about 3% if Bitcoin rises 1% in a day, and the lineup also includes gold, silver, crude oil and natural gas.
Forecast Trend Report by Period
A leveraged exchange-traded fund tied to digital assets may be moving closer to market.
Cboe BZX Exchange, part of Cboe Global Markets, filed a proposed rule change with the US Securities and Exchange Commission to list six ETFs designed to deliver three times the daily return of major assets including Bitcoin and Ether, The Block reported on August 15. The lineup also includes gold, silver, crude oil and natural gas.
The Bitcoin and Ether ETFs would invest primarily in futures traded on the Chicago Mercantile Exchange and aim to generate returns equal to three times a single day's price move. In other words, the structure would target a gain of about 3% if Bitcoin rises 1% in a day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.