SEC approves 3x leveraged Bitcoin and Ether ETPs for listing and trading under Securities Act of 1933, a major win for Volatility Shares.
Regulation & Gov ·
The U.S. SEC has granted approval for six triple-leveraged exchange-traded products tracking Bitcoin, Ether, gold, silver, crude oil, and natural gas, according to Bloomberg ETF analyst Eric Balchunas. The clearance came via Cboe BZX's proposed rule change to permit listing and trading of these instruments under the Securities Act of 1933, and Balchunas characterized the decision as a significant achievement for Volatility Shares.
The approval marks a regulatory milestone for leveraged crypto-linked products in the U.S. markets. Historically, the SEC has been cautious with leveraged and inverse ETPs; this authorization of triple-leverage instruments across both crypto and commodity assets represents a shift in stance. The rule change documentation was shared publicly, establishing a formal regulatory record for the products' eligibility to trade.
The practical implications and trading timeline for these ETPs remain to be seen. No details are yet available regarding launch dates, fee structures, or which exchanges will host these products beyond Cboe BZX's involvement in the rule approval process.