CBOE seeks approval for first U.S. 3x Bitcoin and Ethereum ETFs

CBOE seeks approval for first U.S. 3x Bitcoin and Ethereum ETFs CBOE BZX, a unit of the Chicago Board Options Exchange, has filed with the U.S. SEC to list leveraged ETFs designed to deliver three times the daily returns of Bitcoin and Ethereum, The Block reported. According to the SEC, CBOE BZX is seeking to list six products in total, including a 3x Bitcoin ETF, a 3x Ethereum ETF, and 3x gold, silver, crude oil and natural gas ETFs. The ETFs are structured to track three times the one-day return of their underlying assets mainly by holding futures contracts on CME or COMEX, while the remaining assets would be held as cash or cash equivalents for collateral.