SEC Approves 3x Bitcoin ETF Targeting Daily Futures Moves

The US Securities and Exchange Commission (SEC) has approved the listing of a Bitcoin ETF that targets three times the daily futures moves of Bitcoin. This approval is for a broader commodity lineup and preserves exchange oversight and brokerage obligations.

The Bitcoin strategy, sponsored by Volatility Shares LLC, targets three times the daily futures returns before expenses. However, compounding can push longer-term results away from the stated multiple.

The 3x Bitcoin ETF is part of a lineup that includes gold, silver, crude oil, and natural gas offerings, all of which operate as exchange-traded products (ETPs) that hold commodity-linked investments.