Commodities
SEC Clears 3x Bitcoin & Ether Futures Products for Listing
The U.S. Securities and Exchange Commission (SEC) has cleared Cboe BZX to list products that track three times the daily performance of Bitcoin and Ether futures benchmarks.
The six Volatility Shares products under VS Trust will be based on futures contracts for Bitcoin, Ether, gold, silver, crude oil, and natural gas.
Unlike traditional exchange-traded funds (ETFs), these products will not hold direct cryptocurrency holdings but instead use futures-based benchmarks.
The daily resets of the portfolios can create major differences in longer-term returns due to compounding, futures pricing, and market premiums.