ProShares has halted its plans to launch 3x leveraged ETFs for Bitcoin, Ether, XRP, and Solana, following concerns raised by the U.S. Securities and Exchange Commission (SEC). The SEC highlighted the potential risks associated with these products, noting that they may not adequately account for the extreme volatility of the underlying cryptocurrencies, which could lead to significant losses for investors. Data from Bloomberg Intelligence indicates that there have been over 350 trading sessions where at least one cryptocurrency experienced a daily price shift of 33% or more. Such volatility poses a risk to leveraged funds, potentially causing them to underperform or fail. In response, ProShares has withdrawn its ETF filings to address these regulatory concerns before moving forward.