Bitcoin: 3x Levered ETF Filed After SEC Rule Change
Bitcoin 3x ETF products including $BITH filed post-SEC 19b4 approval alongside gold, silver and oil leveraged vehicles, reviving UWTI-style structures.
SourceAnalysis
Bitcoin and Ethereum 3x daily leveraged ETFs are advancing after the SEC greenlit the 19b4 rule change, with filings now live for $BITH, $ETHK, $GDLU, $SLVK, $OILY and $NATX that echo the old $UWTI oil product which once surpassed Exxon volume. BTC price prediction models must now factor these new vehicles as they arrive while price sits at $83081.34 inside a bearish structure where the EMA50 at $84490.95 caps upside and the EMA200 at $82173.73 offers the next floor. Momentum shows RSI(14) at 33.29 in neutral territory yet MACD registers a clear death cross at -576.17, and with price testing the upper Bollinger band resistance at $87225.73 the setup points to short-term volatility exhaustion that favors a retracement toward the 50-EMA support near $84490.95 before any sustained continuation in the leveraged Bitcoin ETF flow environment.
Eric Balchunas
@EricBalchunasBloomberg's Senior ETF Analyst and acclaimed author, co-hosting Trillions & ETF IQ while bringing deep institutional investment insights.