SEC Approves Listing Rule for 3x Bitcoin and Ether ETFs

• SEC approves a listing rule for six 3x futures ETPs, including Bitcoin and Ether.
• Trading awaits an effective Form S-1 registration, with no launch date disclosed.
• Daily leverage resets can erode returns even when underlying prices end flat.

The U.S. Securities and Exchange Commission approved a Cboe BZX rule change, clearing the way for listing of the first U.S. exchange-traded products targeting three times the daily performance of Bitcoin and Ether.

The decision covers six futures-based products from Volatility Shares, pairing the two cryptocurrency funds with products tracking gold, silver, crude oil, and natural gas. Each seeks a daily return equal to three times its underlying asset’s performance.

Registration Requirement Keeps Launch Pending

The SEC issued its approval under Release No. 34-106577 after Cboe BZX submitted the proposed rule change on A…

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