SEC Greenlights Leveraged ETPs Tracking Bitcoin, Ether, And Other Assets

The US Securities and Exchange Commission (SEC) has approved Volatility Shares' request to launch six futures-based exchange-traded products (ETPs) that track three times the daily performance of Bitcoin, Ether, gold, silver, crude oil, or natural gas. The Cboe BZX rule change was greenlit on October 2, paving the way for these leveraged ETPs. These products will reset daily, which means investors can experience sharp losses if markets are volatile or stagnant.

Volatility Shares' new ETPs mark a significant development in expanding regulated crypto access in the US. Just three years ago, the SEC was still fighting against spot Bitcoin ETF proposals in court. The approval of these leveraged products is seen as a major step forward by observers.