Bitcoin holds near $85,000 as SEC clears first 3x leveraged crypto ETPs

Bitcoin traded near $85,000 on Sunday, holding around $84,860.5 as investors digested a new U.S. regulatory approval that could broaden leveraged access to crypto. On Friday, the SEC approved a Cboe BZX rule change permitting the listing of six triple-leveraged ETPs from Volatility Shares tied to bitcoin, ether, gold, silver, crude oil, and natural gas. The products aim for three times daily performance, using futures for the bitcoin and ether exposures rather than holding the cryptocurrencies directly. However, they are not yet available for trading—registration steps are still required. The move follows broader SEC work on crypto custody rules, while job-posting data and AI-related commentary point to continued industry momentum.