The first leveraged ETF was just approved in the US, paving the way for the approval of all the pending spot ETFs
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![[IMAGE]](https://b.thumbs.redditmedia.com/IWU5D5iphQWEAxk1-krEUoxoozO6RDFJKkxf-qfWlHg.jpg) | The SEC just approved the first leveraged Bitcoin futures ETF! The Volatility Shares’ 2x Bitcoin Strategy ETF, which uses the acronym BITX, will become the first ETF available in the US that uses leverage. The SEC decided this today and it will start on Tuesday next week. The filing is here: This is great news and sets up approval of all the spot ETFs that are pending, like the one of BlackRock, Fidelity, and Valkyrie. If the SEC approves this, I see no reason why they would deny spot ETFs. Remember, BlackRock has an INSANE record of ETF approval. Things are looking better and better. I cant believe that after weeks of bad news we are seeing only good news now. I hope the good news continues. The future is bright. [link][comments] |
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