Cboe files to list first US 3x leveraged Bitcoin and Ether ETFs
Regulation & Gov ·
Cboe BZX Exchange asked the SEC to approve Volatility Shares' triple-leveraged Bitcoin and Ether funds, which would track three times the daily performance of each asset.
The SEC published notice of the proposed rule change on August 14, according to reporting from The Block, after Cboe filed the application on August 10. If approved, the funds would mark the first 3x leveraged Bitcoin and Ether ETFs available to US investors.
The two products would rely primarily on CME Bitcoin and Ether futures to generate triple the daily return of their underlying assets. Cboe's standard listing rules bar leveraged products from its generic framework, which is why the exchange needed to submit a separate rule-change proposal rather than list the funds under existing standards.
The same filing is not limited to crypto. It also covers proposed 3x leveraged ETFs linked to gold, silver, crude oil, and natural gas, placing the Bitcoin and Ether products alongside a broader push into triple-leveraged commodity exposure. A separate account of the filing confirms the same details, including the filing date and the involvement of Volatility Shares as the fund sponsor.
The application remains pending, with no indication yet of a timeline for SEC action or whether the regulator will request amendments before approval. What is not yet known is whether the SEC will treat the Bitcoin and Ether leveraged products differently from the commodity-linked filings bundled into the same submission, or whether any of the six proposed funds will be approved on a different schedule than the others.