VolatilityShares: SEC Approves 3x Bitcoin ETP
VolatilityShares wins SEC approval for 3x Bitcoin ETP plus Ether, Gold under 33 Act, reshaping BTC price prediction and leveraged crypto exposure.
SourceAnalysis
VolatilityShares secured SEC approval for a 3x Bitcoin ETP alongside 3x Ether, Gold, Silver, Oil and Nat Gas products under the 33 Act, marking a major expansion of leveraged crypto vehicles beyond prior filings.
Price at $84481.57 holds above the EMA50 at $84020.56 with MACD golden cross intact at 347.39 while RSI at 50.62 stays neutral, pointing to a push toward upper Bollinger resistance at $86141.05 before any test of lower band support at $82463.14; this approval could sharpen BTC price prediction models and reduce crypto market crash fears as 33 Act ETP history shows gradual institutional adoption.
Eric Balchunas
@EricBalchunasBloomberg's Senior ETF Analyst and acclaimed author, co-hosting Trillions & ETF IQ while bringing deep institutional investment insights.