The SEC Approves the First 3x Bitcoin and Ether Funds: Understanding the Risks Involved

The SEC just greenlit triple-leveraged Bitcoin and Ether funds, but the math behind how these products work reveals a hidden trap that can drain your balance even when crypto trends in your favor.

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On October 2, 2026, the SEC officially approved the first 3x Bitcoin ETF in the United States, allowing Volatility Shares to list triple-leveraged funds for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) on Cboe BZX. This approval also includes 3x funds associated with gold, silver, crude oil, and natural gas.

These funds aim to deliver three times the daily movement of their respective cryptocurrencies. However, they won’t be available for trading until their registration statements are finalized, and Volatility Shares has yet to announce a launch date. This waiting period gives potential buyers time to understand how these products work before buying.

Volatility Shares’ 3x Bitcoin and Ether Funds Use Futures and Reset Daily

The proposed 3x Bitcoin fund, ticker BITH, and the 3x Ether fund, ticker ETHK, will rely on futures contracts rather than holding the physical coins. Volatility Shares has experience offering leveraged crypto funds, including its existing 2x Bitcoin fund, BITX, so these new products build on its established expertise.