No leverage allowed! Rumor has it that the U.S. SEC has refused to approve a leveraged bitcoin ETF

It is understood that the SEC has recently approved some of the bitcoin-related ETFs to begin trading, including the ProShares Bitcoin Strategy ETF (NYSE:BITO) and the Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF).

News then emerged that Valkyrie Investments filed with the SEC on Tuesday to launch a 1.25x leveraged bitcoin futures ETF, the Valkyrie XBTO Levered BTC Futures ETF, which seeks to invest all or most of its assets by The fund aims to achieve its investment objective by investing all or most of its assets in financial instruments that offer exposure to bitcoin reference rates and "collateralized investments.