Anyone weighing the best crypto to invest in just got a clear signal. Cboe BZX asked the SEC to approve the first US triple-leveraged Bitcoin and Ethereum ETFs, notice published August 14, per CryptoTimes. Exchanges do not build 3x products for assets they expect to drift.
Cboe Asks the SEC to List Triple-Leveraged Bitcoin and Ethereum Funds
Here is what actually landed on the SEC’s desk. Cboe filed the rule change on August 10, covering six 3x products across Bitcoin, Ethereum, gold, silver, crude oil and natural gas, according to CoinGape. The funds track three times the daily move of BTC and ETH futures on the CME.
Leveraged products sit outside Cboe’s generic listing rules, so a full SEC review was chosen for these two assets. Demand explains why: the 2x Bitcoin fund already holds $846 million and 67 leveraged products trade on US exchanges. Appetite is outrunning the shelf.
Bitcoin (BTC) Price at $64,771 With $126,198 in the Bull Case T160
And the charts agree. Bitcoin trades near $64,771 per CoinMarketCap, with support at $61,400 and first resistance at $65,567. August ETF inflows hit $652 million; the record stands at $126,198, roughly 100% above.
Our take: the timing matters more than the product. Cboe queued a full review for 3x exposure with BTC fifty percent under its record, and in our analysis exchanges only spend that effort where they expect volume to be in a year, not where it was.
Ethereum (ETH) Price at $1,876 With Flows Rotating In T160
Ethereum holds $1,876 per CoinMarketCap, with support at $1,807 and resistance at $2,029. Spot Ether funds took in $6.7 million on August 13 while Bitcoin funds lost $131 million, and the ETH/BTC ratio hit a six-week high; the $4,891 record sits about 160% away.
FAQs
What makes Bitcoin and Ethereum the best crypto to invest in now?
Wall Street just filed the first US 3x ETFs on them. BTC targets its $126,198 record and ETH $4,891.
