Cboe asks SEC to approve first U.S. 3x Bitcoin and Ether ETFs
AI Market Summary
Cboe has filed with the SEC to list Volatility Shares 3x daily Bitcoin and Ether ETFs, requiring specific approval because leveraged commodity-pool ETPs fall outside generic listing standards. If approved, these products could broaden regulated access to high-leverage crypto exposure via CME futures, potentially lifting short-term derivatives activity and volatility sensitivity. The filing is procedural; timing and approval remain uncertain.
Impact level
● Medium
Affected assets
BTC/USDT+0.31%
AI Insight · BTC/USDTAI Insight
● Neutral
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Cboe has filed a proposed rule change with the U.S. Securities and Exchange Commission seeking approval to list the first 3x leveraged Bitcoin and Ether exchange-traded funds in the United States. The funds aim for three times the daily return of their reference assets, which puts them outside Cboe BZX’s standard listing criteria and requires specific SEC approval. The filing would broaden leveraged crypto exchange-traded products beyond existing lower-multiple structures and also includes products tied to gold and silver futures.
