The US Securities and Exchange Commission (SEC) has approved the first leveraged Bitcoin futures exchange-traded fund (ETF), called Volatility Shares 2X Bitcoin Strategy ETF (BITX). This fund seeks investment returns equivalent to double the return of the CME Bitcoin Futures Daily Roll Index. Investors can purchase shares of an ETF, which bundles securities like equities and commodities, to receive exposure to those securities without actually owning them. This move is a positive development in the regulations surrounding cryptocurrency investments.
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