SEC Greenlights 6 New Futures-Based ETPs, Including 3x Bitcoin and Ether Options

The U.S. Securities and Exchange Commission (SEC) has given its approval for six new futures-based exchange-traded products (ETPs) from Volatility Shares' VS Trust. These ETPs aim to track three times the daily performance of Bitcoin, Ether, gold, silver, crude oil, and natural gas.

The approved products include a 3x Bitcoin ETF, a 3x Ether ETF, as well as four commodity-based ETPs: 3x Gold and Silver, and 3x Crude Oil and Natural Gas. These funds will not physically hold the underlying assets but instead use regulated futures contracts to track their prices.

The SEC approval is seen as a significant development for Volatility Shares, which has already made a name for itself with the launch of the first 2x Bitcoin ETF (BITX) and 2x Ether ETF (ETHU). Bloomberg ETF analyst Eric Balchunas called the SEC approval a 'big win' for Volatility Shares.

However, it's worth noting that these products still need to undergo a separate Form S-1 registration statement before they can become effective. The current filings do not provide a specific date for when the S-1 registration will become effective.