SEC Approves Cboe Rule Change for Proposed 3x Bitcoin Futures ETF

The Securities and Exchange Commission (SEC) approved a rule change Oct. 2 allowing Cboe BZX to list proposed leveraged funds tied to Bitcoin (BTC) and Ether (ETH), but the products had not begun operations as of the latest issuer filing. The approval order was issued at 4:18 p.m. ET (20:18 UTC) and covers the proposed 3x Bitcoin ETF, known as BITH, and 3x Ether ETF, known as ETHK, among other funds. The issuer’s Oct. 7 filing said the funds had not commenced operations, investment activities or share issuance.

Source: TokenPost