SEC clears Cboe listing rule for Volatility Shares 3x crypto futures funds
Image: Bitcoin.com NewsThe SEC approved a Cboe BZX exchange rule change on Oct. 2, clearing a listing path for six Volatility Shares leveraged commodity funds, including 3x Bitcoin and Ether futures products. The products seek amplified daily crypto futures exposure. They use first- and second-month futures alongside cash collateral. The funds rebalance daily under normal circumstances. A 3x daily target does not promise triple cumulative Bitcoin or Ether returns. The order does not establish that registration is effective or trading has begun.
Key points
- The SEC approved a Cboe BZX rule change for six Volatility Shares leveraged commodity funds, including a 3x Bitcoin ETF.
- The products seek amplified daily exposure using first- and second-month futures and cash collateral.
- Cboe's generic commodity-trust standards exclude leveraged products, so the six vehicles required individual review.
- Daily compounding can make longer-term results diverge from three times the benchmark's cumulative change.
- The funds rebalance daily under normal circumstances to maintain their stated exposure.
Why it matters
The approval creates a listing path for leveraged Bitcoin and Ether futures products on Cboe BZX. The funds use futures rather than direct crypto ownership, and the SEC order does not mean registration is effective or trading has begun.
What's unclear
Whether the funds' registration becomes effective and when trading might begin is not established by the SEC order.
Price context · BTC
At publication
$85,300.00
Now
$85,324.00
Change since
+0.03%
7 days · dashed line = publication
Sources · 2 publishers
Bitcoin.com News
Tier 2
SEC Approves Listing of Bitcoin ETF Targeting 3x Daily Futures Moves
Coverage timeline
- First reported by CryptoSlate
- Confirmed by Bitcoin.com News
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
