SEC clears listing of Volatility Shares' 3x Bitcoin and Ether ETFs
- —Approval came as Release 34-106577 and covers only listing on Cboe BZX
- —The funds target 3x daily returns on futures-based benchmarks, not spot BTC or ETH
- —Structuring under the 1933 Act avoids the 1940 Act's leverage limits
- —Volatility Shares already runs the 2x Bitcoin ETF BITX with over $1.2 billion in assets
Why it matters: It is the first US approval for crypto products with this much leverage, though launch hinges on S-1 registration with no set timeline.
Source: Crypto Briefing