ProShares Halts 3x Bitcoin ETF Plans Amid SEC Volatility Warnings

ProShares has halted its planned 3x leveraged crypto ETFs for Bitcoin, Ether, XRP, and Solana following SEC concerns that such products fail to adequately reflect the extreme volatility of underlying assets, potentially leading to rapid value erosion for investors. SEC warns that 3x leveraged ETFs may not accurately track market risks, leading ProShares to suspend [...]