SEC Approves 3x Leveraged ETFs on Bitcoin, Ether and More

The U.S. Securities and Exchange Commission (SEC) has approved the listing of 3x leveraged exchange-traded funds (ETFs) that track six assets, including Bitcoin and Ether.

The ETFs are part of the VS Trust managed by Volatility Shares and use futures contracts and other instruments to seek returns equal to three times the daily performance of indexes tied to the underlying assets, before fees and expenses.

The approval comes after Cboe BZX Exchange submitted a proposed rule change on August 10, which was published in the Federal Register on August 19 for public comment.

The Bitcoin and Ether products are based on Chicago Mercantile Exchange futures prices. The lineup also includes products tied to gold, silver, crude oil, and natural gas.