Share this article
SEC Will Not Approve Leveraged Bitcoin ETF: Report
The report comes two days after Valkyrie Investments filed to offer 1.25x leveraged bitcoin futures ETF.
Updated May 11, 2023, 4:30 p.m. Published Oct 28, 2021, 8:49 a.m.
Make us preferred on Google
The U.S. Securities and Exchange Commission (SEC) will not approve the listing of leveraged bitcoin exchange-traded funds (ETF).
- The SEC instructed at least one prospective ETF provider not to proceed with its plans for a leveraged funds, the Wall Street Journal reported on Thursday, citing a person familiar with the matter.
- The U.S. markets regulator wishes to limit bitcoin-related investment vehicles to those that provide un-leveraged exposure - in others words not comprised of borrowed funds.
- The report emerges two days after Valkyrie Investments filed to offer 1.25x leveraged bitcoin futures ETF.
- After dozens of applications from different providers, the SEC finally approved the listing of a bitcoin futures ETF earlier this month. ProShares’ fund started trading under the ticker symbol BITO on the New York Stock Exchange on Oct. 19. It has contributed to bitcoin’s price surge, leading to the cryptocurrency reaching a new all-time high of over $66,000.
Read more: Direxion Files for Short Bitcoin Futures ETF
STORY CONTINUES BELOW
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Crypto exchange WhiteBIT flagged by Russia as 'undesirable' over support for Ukraine military
WhiteBIT has actively supported Ukraine's war effort, donating $11 million to military initiatives and processing over $160 million in donations.
What to know:
- Russia banned Ukrainian crypto exchange WhiteBIT, making any interaction with the company a criminal offense within Russian borders.
- WhiteBIT has actively supported Ukraine's war effort, donating $11 million to military initiatives and processing over $160 million in donations.
- The exchange has continued to grow, expanding to 8 million users and entering the U.S. market despite Russian pressure.
Top Stories
