SEC approves Cboe BZX rule change for 3x Bitcoin and Ether leveraged ETPs on Oct. 2
The U.S. Securities and Exchange Commission approved a Cboe BZX rule change on Oct. 2, clearing the way for 3x leveraged Bitcoin and Ether exchange-traded products. The approval covers six VS Trust funds proposed by Volatility Shares, spanning Bitcoin, Ethereum, gold, silver, crude oil and natural gas. The products are daily-reset leveraged vehicles, a structure that can erode capital for long-term holders. The move marks the first time the SEC has allowed Bitcoin to use the same leverage framework commonly applied to commodities less than three years after its legal dispute with Grayscale over a spot Bitcoin ETF.