Nate Geraci, president of The ETF Store, reported on X (formerly Twitter) on Saturday, October 3, 2026, a significant shift in the regulatory stance towards digital asset investment products. Geraci stated, "SEC *approves* listing & trading of first 3x leveraged bitcoin & ether ETFs… Less than 3 years ago, SEC still hadn’t concluded lawsuit vs Grayscale over plain-vanilla spot bitcoin ETF. Wild turn of events." His post highlights a dramatic change in the Securities and Exchange Commission's approach to cryptocurrency-linked financial instruments.
This approval arrives amidst a surge in institutional engagement with crypto exchange-traded funds. Gokhshtein Media previously reported Bitcoin ETF inflows reaching $102.67 million, indicating a rotation of institutional capital. Separately, Seoul Blockchain Week coverage noted Ether, XRP, and Solana ETFs collectively recorded $37 million in daily inflows. Bitcoin's price stands at $84,636, while Ethereum trades at $2,681, reflecting current market conditions for these assets.
Geraci's statement implies a profound evolution in the regulatory environment for digital assets, contrasting sharply with the SEC's prior cautious and often litigious stance, such as with the Grayscale lawsuit. The move to approve leveraged products suggests a growing comfort within the commission with more complex crypto derivatives. This development could pave the way for increased institutional and retail participation, offering tools for investors to gain amplified exposure to Bitcoin and Ethereum's price movements.
