SEC approves rule change to list Volatility Shares’ 3x Bitcoin and Ethereum futures funds on Cboe BZX
The U.S. Securities and Exchange Commission issued an order on Oct. 2 allowing Cboe’s BZX Exchange to list six new funds from Volatility Shares, including three‑times leveraged Bitcoin and Ethereum futures products. The funds will seek to deliver three times the daily performance of a portfolio of first‑ and second‑month futures contracts. They cannot begin trading until the issuer’s registration statement is declared effective, and no launch date has been set.
Why it matters
The approval adds a new class of triple‑leveraged crypto futures ETFs, expanding the range of leveraged products available to U.S. investors. Until the registration statement is made effective, the funds will not trade, so market impact will depend on when the SEC finalizes the filing.
Key facts
- 1The SEC approved a Cboe BZX rule change on Oct. 2 that permits listing of six 3x leveraged funds, including Bitcoin and Ethereum futures products. decrypt.co
- 2The funds are issued by Volatility Shares and will be listed on Cboe’s BZX Exchange. decrypt.co
- 3Each fund targets three times the daily performance of a specified portfolio of first‑ and second‑month futures contracts on the reference commodity. coinmarketcap.com
- 4The funds cannot trade until the SEC declares Volatility Shares’ registration statement effective; no deadline has been set. coinmarketcap.com
- 5The SEC’s order notes that existing investor‑protection rules and standards of conduct will apply to the new products. coinmarketcap.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.