Cboe Seeks SEC Approval for 3x Bitcoin and Ether ETFs

Cboe has announced plans to submit its application for the first US exchange-traded funds (ETFs) that track three times the price of Bitcoin and Ether.

The ETFs, which will be listed on Cboe's BZX Exchange, are expected to provide investors with a way to gain exposure to the cryptocurrency market through a traditional investment vehicle.

Cboe has been working on its application for several months and is now finalizing the details before submitting it to the Securities and Exchange Commission (SEC) for approval.