SEC Clears 3x Leveraged ETPs for Bitcoin and Ether
The US Securities and Exchange Commission (SEC) has approved a rule change that clears six 3x leveraged exchange-traded products (ETPs) for listing and trading, including funds tied to Bitcoin and Ether. The approval, issued on October 2, 2026, as Release No. 34-106577, covers six products structured as series of the Volatility Shares (VS) Trust. Volatility Shares LLC sponsors the series.
The lineup also covers gold, silver, crude oil, and natural gas. Each product aims to deliver three times the daily performance of its underlying asset. The key word is daily, and it does a lot of heavy lifting.
The funds do not hold actual Bitcoin, Ether, or barrels of oil. Instead, they get their exposure through futures contracts, which are agreements to buy or sell an asset at a set price on a later date.
The approval did not disclose any timeline for the separate Form S-1 registration statement under the Securities Act of 1933 to become effective.