Cboe BZX Exchange Seeks SEC Approval for US 3x Bitcoin (BTC) and Ethereum (ETH) ETFs

Cboe BZX Exchange, which is part of Cboe Global Markets (Cboe: CBOE), has submitted a formal request to the US Securities and Exchange Commission (SEC) seeking authorization to list and trade a new series of leveraged exchange-traded funds, including products designed to deliver three times the daily performance of bitcoin and ether.

The filing, submitted in early August 2026, also covers similarly structured funds linked to gold, silver, crude oil, and natural gas.

If approved, the bitcoin and ether versions would mark the first triple-leveraged crypto ETFs available to US investors.

These instruments aim to provide amplified daily exposure primarily by holding futures contracts traded on the Chicago Mercantile Exchange or COMEX, with cash and cash equivalents serving as collateral.

Volatility Shares LLC is set to serve as the sponsor, with the products organized as series under the VS Trust.

Because the proposed funds target leveraged returns, they fall outside Cboe’s existing generic listing standards for commodity-based trust shares, which generally prohibit such products.

As a result, the exchange must pursue a specific rule-change process under Section 19(b) of the Securities Exchange Act rather than relying on streamlined pathways available for non-leveraged offerings.