SEC Greenlights Triple-Leveraged ETPs for Bitcoin, Ethereum, and More

The SEC has approved a rule change by Cboe BZX that allows listing six triple-leveraged exchange-traded products (ETPs) from Volatility Shares. These ETPs are designed to deliver three times the daily performance of their underlying assets, including Bitcoin, Ethereum, gold, silver, oil, and natural gas.

The products will not directly hold these assets but instead use regulated futures contracts. For example, the 3x Ethereum product will track futures traded by CME Group.

Volatility Shares currently manages double-leveraged exchange-traded funds (ETFs) for major cryptocurrencies and is expanding its offerings with riskier products that provide three times the daily exposure. The approval of the exchange rule change does not mean trading can begin immediately, as a separate Form S-1 registration statement must be approved before the products can be launched.