SEC approves 3x leveraged Bitcoin and Ether ETPs, but trading has to wait

US crypto products just got a lot more caffeinated. On October 2, 2026, the US Securities and Exchange Commission approved a rule change that clears six 3x leveraged exchange-traded products for listing and trading, including funds tied to Bitcoin and Ether.

The lineup also covers gold, silver, crude oil, and natural gas.

The approval, issued under Release No. 34-106577, covers six products structured as series of the Volatility Shares (VS) Trust. Volatility Shares LLC sponsors the series.

The crypto pair are the 3x Bitcoin ETF and the 3x Ether ETF. The other four target gold, silver, crude oil, and natural gas.

Each product aims to deliver three times the daily performance of its underlying asset. The key word is daily, and it does a lot of heavy lifting.

The funds do not hold actual Bitcoin, Ether, or barrels of oil. Instead, they get their exposure through futures contracts, which are agreements to buy or sell an asset at a set price on a later date.

The regulatory paperwork moved at a reasonable clip. Cboe BZX Exchange filed the proposed rule change on August 10, 2026, and the SEC published notice of it on August 14.

Approval followed on October 2. The change addresses limitations on leveraged commodity-based trust shares, the regulatory category these products fall under.