6h ago

SEC approves Cboe BZX rule change to list VS Trust 3x Bitcoin and 3x Ether products

AI Market Summary

The SEC approved Cboe BZX's rule change to list Volatility Shares' 3x daily Bitcoin and Ether futures ETPs, clearing a key exchange-listing hurdle for higher-leverage crypto futures access in brokerage accounts. While registration effectiveness and a trading date remain unconfirmed, the decision signals incremental regulatory openness to leveraged crypto-linked products. Near-term, this can lift futures activity and volatility sensitivity, especially around rebalancing dynamics.

Impact level

● Medium

Affected assets

BTC/USDT+0.93%

AI Insight · BTC/USDTAI Insight

▲ Bullish

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The U.S. Securities and Exchange Commission has approved Cboe BZX’s proposal to list VS Trust’s 3x Bitcoin ETF and 3x Ether ETF. A preliminary prospectus lists the proposed tickers as BITH for the Bitcoin product and ETHK for the Ether product. Both funds aim to deliver three times their respective benchmark’s daily return before fees, with the net asset value interval defined as one trading day.

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