U.S. SEC approves rule change for listing 3x leveraged Bitcoin, Ethereum ETFs

The U.S. SEC approved on Oct. 2 a proposed rule change to allow the exchange listing of Volatility Shares’ 3x leveraged Bitcoin and Ethereum ETFs, along with ETFs tied to gold, silver, crude oil and natural gas. According to an SEC document, the approval covers a rule change filed by Cboe BZX Exchange. The approved products include the 3x leveraged Bitcoin ETF (BITH) and the 3x leveraged Ethereum ETF (ETHK). The two funds each aim to track three times the daily return of their underlying assets. The approval applies to the exchange’s listing rules, and separate procedures are still required before actual trading can begin.