SEC approves a 3x fix for bitcoin and ether traders who miss the wild swings

The SEC approved exchange-traded funds designed to deliver three times the daily returns of bitcoin or ether, giving traders a regulated way to amplify exposure without directly holding the assets. The products can magnify losses as well as gains, and daily leverage can cause returns to diverge from three times the asset’s performance over longer periods. Their approval expands the range of crypto-linked investment products available through traditional markets, but does not reduce the underlying volatility or risk.