SEC okays 3x leveraged ETFs, mulls first tokenized equities

Homepage > News > Business > SEC okays 3x leveraged ETFs, mulls first tokenized equities TL;DR: The SEC is loosening its stance on crypto products. It approved Cboe’s listing of six Volatility Shares ETFs, including 3x-leveraged BTC and Ether funds, proposed rules allowing investment advisers to self-custody digital assets, and opened applications for tokenized securities venues. OKXICE filed first, while Robinhood objects to the framework’s limits. The IMF warns that the tokenized equities market is still small and fragmented. Key Takeaways: SEC okays 3x leverage BTC, ETH ETFs, with no launch date until registration statements are declared effective. OKXICE seeks SEC ‘tokenized securities venue’ approval to offer 24/7 trading of 60+ tokenized stocks backed one-for-one by real shares. Robinhood not entirely cool with the SEC tokenization approach, objecting to limits on volume and asset types and to the issuer veto over tokenization. IMF says tokenized equity markets are small and fragmented, accounting for an estimated $2.3 billion of the $65.1 billion in tokenized real-world assets. The U.S. Securities and Exchange Commission (SEC) is cool with leveraged crypto products,...