coin-img-ETHETH+0.30%coin-img-SOLSOL-0.29%coin-img-BTCBTC+0.34%coin-img-STRKSTRK+58.24%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.66%coin-img-NEARNEAR+1.26%coin-img-DOGEDOGE-0.70%coin-img-ETHETH+0.30%coin-img-SOLSOL-0.29%coin-img-BTCBTC+0.34%coin-img-STRKSTRK+58.24%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.66%coin-img-NEARNEAR+1.26%coin-img-DOGEDOGE-0.70%coin-img-ETHETH+0.30%coin-img-SOLSOL-0.29%coin-img-BTCBTC+0.34%coin-img-STRKSTRK+58.24%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.66%coin-img-NEARNEAR+1.26%coin-img-DOGEDOGE-0.70%coin-img-ETHETH+0.30%coin-img-SOLSOL-0.29%coin-img-BTCBTC+0.34%coin-img-STRKSTRK+58.24%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-0.66%coin-img-NEARNEAR+1.26%coin-img-DOGEDOGE-0.70%

SEC Approves 3x Bitcoin ETFs with 1.85% Fee, Daily Reset Risks Exacerbate Losses

The SEC approved exchange listing rules for VS Trust's proposed 3x Bitcoin and Ethereum funds on Oct 2. These funds aim for triple the daily return of their benchmarks, but daily resetting means long-term results can diverge significantly. A four-month example showed an index gaining 8% while a 3x fund lost 53%. The Bitcoin fund carries a 1.85% annual management fee.
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ETH
ETH+0.31%
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