Cboe Proposes First-Ever 3x Leveraged Bitcoin ETF for US Market

The Cboe BZX Exchange has filed to list the first-ever 3x leveraged Bitcoin ETF in the US, sponsored by Volatility Shares LLC. This fund aims to deliver three times the daily return of Bitcoin by using CME Bitcoin futures contracts.

Unlike traditional ETFs, it will be structured as a commodity pool under CFTC regulation, not the SEC. The product targets short-term traders due to daily leverage reset effects and awaits SEC approval before trading can begin.