SEC Approves 3x Leveraged Crypto ETFs for BTC and ETH

The U.S. Securities and Exchange Commission (SEC) has approved six new exchange-traded funds (ETFs) under Volatility Shares' VS Trust, marking a significant shift in crypto regulatory history since the spot Bitcoin ETF approval in January 2024.

The approved products include three times leveraged ETFs for Bitcoin (BTC), Ether (ETH), gold, silver, crude oil, and natural gas. These funds use CME futures contracts and daily rebalancing to target three times the daily performance of their respective indexes, before fees and expenses.

Cboe BZX Exchange filed the proposed rule change on August 10, 2026, and the SEC published it in the Federal Register on August 19 for public comment. Bloomberg ETF analyst Eric Balchunas called the approval a 'big win' for Volatility Shares.