8/104 sources · 3 publishersUpdated Oct 8, 16:16 UTC
SEC approves rule change for Cboe BZX to list six 3‑x leveraged crypto and commodity ETPs
The U.S. Securities and Exchange Commission gave its consent for Cboe BZX to list six exchange‑traded products that provide three‑times daily exposure to Bitcoin, Ether, gold, silver, crude oil and natural gas. The products will be issued by Volatility Shares under the VS Trust and will use futures contracts to achieve the leverage. The SEC issued its approval on October 2, but a trading start date has not been set.
Why it matters
The approval creates a new avenue for investors to obtain leveraged exposure to major cryptocurrencies and commodities, though the products will not be available until a launch date is announced.
Key facts
- 1The SEC approved a rule change allowing Cboe BZX to list six 3‑x leveraged exchange‑traded products covering Bitcoin, Ether, gold, silver, crude oil and natural gas. en.bloomingbit.io
- 2The products will be issued by Volatility Shares under the VS Trust and will use futures contracts to deliver triple the daily performance of their underlying assets. en.bloomingbit.io
- 3Cboe BZX submitted the rule change proposal on August 10 and opened it for public comment on August 19. koinbulteni.com
- 4The SEC issued its approval order on October 2. koinbulteni.com
- 5The approval covers six separate series, each linked to one of the six assets. koinbulteni.com
- 6No launch or trading date has been announced for the new products. koinbulteni.com
Open questions
- Trading start date for the six products has not been announced.
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.