SEC Clears Path for Volatility Shares' 3x Bitcoin Futures ETF

The Securities and Exchange Commission (SEC) has approved a rule change for the Cboe BZX Exchange to list a 3x Bitcoin futures ETF from Volatility Shares. This clears the way for a new U.S. exchange-traded product tied to Bitcoin futures. The approval covers six funds under the VS Trust, including a 3x Ether ETF and leveraged funds tied to gold, silver, crude oil, and natural gas.

The Bitcoin ETF seeks to gain three times the daily performance of a benchmark based on Bitcoin futures, before fees and expenses. It will achieve this through futures contracts and hold cash and cash equivalents as collateral, rather than directly owning Bitcoin (BTC).

Trading can begin after each product's registration statement becomes effective, with each fund requiring at least 100,000 shares outstanding at its opening.