SEC Approves First Leveraged Bitcoin Futures ETF

Discussion in 'Crypto Assets' started by ETJ, Jun 23, 2023.

  1. ETJ

    ETJ

    SEC Approves First Leveraged Bitcoin Futures ETF
    Pedro Solimano - DeCrypt
    The U.S. Securities and Exchange Commission (SEC) has approved the first leveraged Bitcoin futures exchange-traded fund (ETF) on Friday. Volatility Shares 2x Bitcoin Strategy ETF (BITX) is scheduled to launch on the Chicago Board Options (CBOE) BZX Exchange next Tuesday, June 27.
    /jlne.ws/46l4vvh
     
    #1     Jun 23, 2023
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  2. R1234

    R1234

    As if 1x isn't volatile enough
     
    #2     Jun 23, 2023
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  3. The_Krakenite

    The_Krakenite

    I remember the days you could get 3x... had one blow up spectacularly on me in a registered account :(
     
    #3     Jun 23, 2023
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  4. TrAndy2022

    TrAndy2022

    3 times BTC or ETH would be insane. I also think 1.5 times would be a good fit in addition to 2x. But I did not make a backtest to find the optimal leverage ratio as buyandhold investment here on BTC.
     
    #4     Jun 25, 2023
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  5. maxinger

    maxinger

    When will CBOE stop offering BTC Futures ETF?

    They offered BTC futures.
    Then they stopped offering BTC futures due to very poor business.

    CME BTC futures volume is not great too; only 10k / day.
    And the bid-offer spread could be 10, 20, or 30 ticks wide.

    Investors /traders are simply not interested in derivative products.
     
    Last edited: Jun 25, 2023
    #5     Jun 25, 2023
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  6. traderjo

    traderjo

    oh so this is a ETF on CME listed BTC futures ,, so won;t be holding actual Bicoins like the proposed Blackrock! one! so low chances of the "exchange" itself blowing up .. one less risk
     
    #6     Jun 27, 2023
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