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Benzinga
Benzinga
Business
Chandrima Sanyal

Bitcoin, Ethereum, Tesla On 5x Steroids: VolatilityShares Seeks SEC Approval For Its Wildest Ride Yet

COIN SEC Bitcoin ETF Google Alphabet Inc Coinbase Global Inc MSTR Solana Strategy Inc
Tech ETFs

VolatilityShares, a pioneer in crypto-themed ETFs, has submitted a filing to the U.S. Securities and Exchange Commission (SEC) seeking to roll out a line of extremely leveraged products, such as 5x ETFs that follow bitcoin, ether, XRP, and Solana, as well as volatile stocks like Coinbase Global Inc (NASDAQ:COIN), Strategy Inc (NASDAQ:MSTR), Tesla Inc (NASDAQ:TSLA), and Alphabet Inc (NASDAQ:GOOGL).

If sanctioned, the suite would consist of 27 products across 3x and 5x leverage levels, effective as of Dec. 29, making them perhaps the riskiest crypto-tied products offered to American investors. Reactions to this reflect the unbelievable nature of the bet. “Nothing like this has been approved before and it probably wont go live, but I mean if it does … the ETF space will get crazy,” posted an X user.

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