SEC Approves 3x Bitcoin and Ether ETFs in Major Expansion of Crypto Market Access

• The SEC approved the listing and trading of the 3x Bitcoin ETF and 3x Ether ETF, alongside four other 3x commodity-linked products under the VS Trust.
• The approval expands access to leveraged crypto exposure through US-listed ETFs.

The U.S. Securities and Exchange Commission (SEC) has approved the first-ever 3x leveraged Bitcoin and Ethereum ETFs for listing and trading in the United States, a decision that marks one of the most significant shifts in crypto regulatory history since the spot Bitcoin ETF approval in January 2024.

The approval covers six products under the VS Trust managed by Volatility Shares: the 3x Bitcoin ETF, 3x Ether ETF, 3x Gold ETF, 3x Silver ETF, 3x Crude Oil ETF, and 3x Natural Gas ETF. Cboe BZX Exchange filed the proposed rule change on August 10, 2026; the SEC published it in the Federal Register on August 19 for public comment, and the order granting approval followed shortly after.

Also, Bloomberg ETF analyst Eric Balchunas called it a big win for Volatility Shares. ETF Store President Nate Geraci noted the speed of the shift; under three years ago, the SEC was still litigating against Grayscale over a plain-vanilla spot Bitcoin ETF. Now it has approved products that deliver three times the daily performance of the underlying assets.