VolShares Files for New 5x Leveraged Crypto ETFs Amid SEC Delays
- VolShares is seeking to launch a 5x crypto ETF, despite the SEC not yet approving any 3x crypto ETFs.
- If unresolved within 75 days, the filings could automatically become effective under U.S. securities laws.
- The SEC is currently in a review freeze, delaying approvals for several crypto ETFs including those for ETH, SOL, and XRP.
- REX-Osprey has applied for a total of 21 crypto ETFs focusing on individual tokens like Cardano (ADA) and Stellar (XLM).
- Major asset managers such as Grayscale and Bitwise have updated their applications for XRP funds, indicating readiness to launch.
Despite the ongoing SEC review freeze, issuers are actively filing new applications, reflecting a push towards regulatory acceptance in the ETF industry. The anticipated resumption of SEC operations may lead to significant approvals in the near future.
With VolShares targeting a 5x leveraged ETF amidst these delays, the landscape for cryptocurrency investment products continues to evolve rapidly as firms prepare for potential market entry once regulations allow it.(Source)
