SEC Approves First-Ever 3x Leveraged Bitcoin and Ethereum ETFs
The U.S. Securities and Exchange Commission has approved the listing of the first 3x leveraged Bitcoin and Ethereum exchange-traded products in the United States, according to Watcher.Guru, marking a new development in leveraged crypto investment products.
Six Leveraged ETFs Approved for Cboe BZX
Watcher.Guru reported that the SEC approved Cboe BZX to list six new Volatility Shares ETFs. The products include 3x leveraged exchange-traded funds tied to Bitcoin and Ether, along with leveraged products covering gold, silver, crude oil and natural gas.
The approval makes the Bitcoin and Ether products the first U.S. ETFs offering 3x leveraged exposure to the two largest cryptocurrencies, according to the report. The development expands the range of exchange-traded products available to investors seeking leveraged exposure to major financial and digital assets.
Bitcoin and Ether Products Use CME Futures
The newly approved Bitcoin and Ether ETFs are not structured around direct holdings of spot Bitcoin or Ethereum. Instead, the products are based on futures contracts traded on the Chicago Mercantile Exchange, or CME.
That distinction means the funds will seek their leveraged exposure through CME futures contracts rather than holding Bitcoin or Ethereum directly. The 3x structure is designed around the underlying futures-based exposure described in the reported products.
Broader Set of Leveraged Asset ETFs
Alongside the 3x Bitcoin and Ether ETFs, the six approved Volatility Shares products include leveraged exposure to four traditional commodities: gold, silver, crude oil and natural gas. The group therefore spans both cryptocurrency and commodities markets.
The SEC approval applies to Cboe BZX's listing of the six new Volatility Shares ETFs, with Bitcoin and Ether representing the cryptocurrency products in the group. According to Watcher.Guru, the approval represents the first U.S. authorization of 3x leveraged Bitcoin and Ethereum exchange-traded products, while the products themselves are based on CME futures contracts rather than spot holdings.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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