SEC Clears Listing Rules for 3x Bitcoin and Ether Futures Funds
• On Oct 2 the SEC approved Cboe BZX listing rules for VS Trust's 3x funds, proposed tickers BITH and ETHK
• They target 3x the daily move of first- and second-month futures
• The prospectus warns multi-week returns can differ in size and even direction, and lacks 1940 Act protections
This is a step forward for product variety, but daily-reset leverage is a trading tool, not a holding. Risky for anyone who forgets the compounding math. Not financial advice, DYOR.
$BTC $ETH
• On Oct 2 the SEC approved Cboe BZX listing rules for VS Trust's 3x funds, proposed tickers BITH and ETHK
• They target 3x the daily move of first- and second-month futures
• The prospectus warns multi-week returns can differ in size and even direction, and lacks 1940 Act protections
This is a step forward for product variety, but daily-reset leverage is a trading tool, not a holding. Risky for anyone who forgets the compounding math. Not financial advice, DYOR.
$BTC $ETH
