SEC okays 3x leveraged ETFs, mulls first tokenized equities

TL;DR: The SEC is loosening its stance on crypto products. It approved Cboe’s listing of six Volatility Shares ETFs, including 3x-leveraged BTC and Ether funds, proposed rules allowing investment advisers to self-custody digital assets, and opened applications for tokenized securities venues. OKXICE filed first, while Robinhood objects to the framework’s limits. The IMF warns that the tokenized equities market is still small and fragmented. The U.S. Securities and Exchange Commission (SEC) is cool with leveraged crypto products, a wider selection of digital asset custodians, and has just gotten its first tokenized equities application.