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James Seyffart reports that new 3x leveraged ETFs have been filed following the recent SEC approval of a rule change under 19b4. These products will provide triple daily leverage for gold (GDLU), silver (SLVK), Bitcoin (BITH), Ethereum (ETHK), crude oil (OILY), and natural gas (NATX).
According to Seyffart, the SEC's decision enables a broader range of leveraged exchange-traded products tied to both traditional commodities and digital assets.
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Seyffart recently reported that hedge funds have increased their positions in ETFs, according to their latest 13F filings here. He also covered an IRS notice affecting strategies like in-kind redemptions and box spreads here. These developments come as financial products and tax guidance continue to evolve.