SEC Opens Comment Period On Cboe 3x Bitcoin And Ethereum ETF Proposal

The SEC has opened a public comment period on Cboe BZX Exchange’s proposal to list six daily 3x leveraged Bitcoin and Ethereum futures ETFs.

The proposal, filed under SR-CboeBZX-2026-065, would cover commodity-pool products sponsored by Volatility Shares. The funds would seek three times the daily performance of front-month and next-month CME Bitcoin and Ethereum futures contracts, using daily reset mechanics.

That is a very different product from a spot ETF.

A 3x leveraged futures ETF is built for short-term tactical exposure. It is not a simple buy-and-hold wrapper for Bitcoin or Ethereum, and its daily reset structure can create performance drift over time.

The SEC’s move opens the proposal for public comments. It does not mean the products have been approved.

TL;DR

• The SEC opened comments on Cboe’s proposal for 3x leveraged BTC and ETH futures ETFs.
• The proposed products would be sponsored by Volatility Shares.
• The filing is under review and has not been approved.

Why Leveraged Crypto ETFs Matter

Leveraged ETFs are popular because they give traders amplified exposure without directly using margin or futures accounts.

In crypto, that can be especially attractive because Bitcoin and Ethereum already move sharply. A 3x daily product would magnify those moves, creating potential for larger gains and larger losses in a traditional brokerage format.