SEC Approves First US Listings for 3x Leveraged Bitcoin and Ethereum ETPs

The US Securities and Exchange Commission (SEC) has approved the listing of six triple-leveraged exchange-traded products, including the first 3x Bitcoin and 3x Ether ETPs available in the United States. This approval marks a significant milestone for crypto investors, as it allows them to gain exposure to these volatile assets with increased leverage.

The SEC approved the listing of the VS Trust funds, sponsored by Volatility Shares LLC, which will list under BZX Rule 14.11(e)(4). The six funds are: 3x Gold, 3x Silver, 3x Bitcoin, 3x Ether, 3x Crude Oil, and 3x Natural Gas.

These ETPs do not follow the traditional ETF structure but instead invest in futures contracts alongside cash and cash equivalents to serve as collateral or margin. If the underlying contracts become unavailable, they may hold later-dated futures, benchmark-linked ETFs and ETPs, or listed options.