Cboe Seeks SEC Approval for First U.S. 3x Bitcoin and Ether ETFs

Key Insights:

• Cboe filed to list Volatility Shares 3x Bitcoin and Ether ETFs.
• The proposed funds would target three times daily asset performance.
• SEC approval is required before Cboe can list the leveraged ETFs.

Cboe BZX Exchange filed to list proposed 3x Bitcoin and Ether exchange-traded funds from Volatility Shares.

The products would target three times their reference assets’ daily performance before fees and expenses. That daily objective matters because leveraged returns can diverge substantially over longer holding periods.

Volatility Shares LLC would sponsor the funds through VS Trust. The proposed lineup also covers gold, silver, crude oil and natural gas.

Six Funds Target Three Times Daily Performance

Under the proposal, each fund would pursue a 3x daily objective tied to its designated benchmark. Bitcoin and Ether funds would primarily use first- and second-month futures contracts trading on the CME.

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