ProShares Withdraws 3x Crypto ETFs Following SEC Volatility Warning
TLDR
- ProShares withdrew its 3x crypto ETFs following SEC concerns about leverage risks.
- The SEC highlighted high volatility in 3x leveraged crypto ETFs like Bitcoin and Ethereum.
- ProShares’ 3x leveraged funds would have targeted extreme returns on volatile assets.
- SEC blocked 3x ETF plans, citing risks of significant losses during market swings.
ProShares has withdrawn its proposed lineup of 3x leveraged exchange-traded funds (ETFs) targeting Bitcoin, Ethereum, XRP, and Solana. This decision comes after the U.S. Securities and Exchange Commission (SEC) raised concerns about the funds’ ability to manage volatility and leverage risks.
SEC Concerns Over High-Leverage Risk
The SEC expressed its concerns regarding…
