SEC Approves Listing of 6x Leveraged ETFs Tracking Bitcoin and Other Assets

The U.S. Securities and Exchange Commission (SEC) has approved the listing of six new 3x leveraged exchange-traded funds (ETFs) that track various assets, including Bitcoin and Ether. The products are designed to provide triple the daily price change of their underlying assets before fees and expenses.

The two ETFs related to Bitcoin and Ether will use CME futures and cash collateral, while the others will follow gold, silver, oil, and natural gas prices. All six ETFs are part of the VS Trust series sponsored by Volatility Shares.

This approval marks a favorable outcome for Volatility Shares, according to Bloomberg ETF analyst Eric Balchunas, who noted that the products are commodities under the Securities Act of 1933.

The listing process began in August, with the Cboe BZX Exchange filing a rule change on August 10. The public comment period started when the rule was published in the Federal Register on August 19.