SEC Clears Cboe BZX to List 3x Bitcoin and Ether Futures Products

The U.S. Securities and Exchange Commission (SEC) has cleared Cboe BZX to list six Volatility Shares products that track Bitcoin, Ether, gold, silver, crude oil, and natural gas through futures-based benchmarks.

The products target three times the daily performance of their respective benchmarks before fees and expenses.

For Bitcoin and Ether, the benchmark comes from futures rather than direct cryptocurrency holdings. The exchange proposal uses benchmarks based on first- and second-month contracts, providing exposure to an asset's price through agreements that expire on specific dates.

The portfolios would hold futures alongside cash or cash equivalents that support those positions. As a result, their returns may differ from cryptocurrency prices quoted on spot exchanges.