SEC Approves 3x Bitcoin and Ether Futures Funds for Cboe BZX Listing
The US Securities and Exchange Commission (SEC) has approved the listing rules for VS Trust's 3x Bitcoin and 3x Ether futures funds on the Cboe BZX exchange.
The funds, which target triple daily futures-benchmark returns before fees, are structured as Commodity-Based Trust Shares and do not have the investor protections associated with funds registered under the Investment Company Act of 1940.
According to the preliminary filing, the proposed symbols for the funds are BITH for Bitcoin and ETHK for Ether.
The SEC's approval clears an exchange-rule hurdle for the products, which seek amplified daily crypto futures exposure.