POPA ReconCboe Seeks SEC Approval for First US 3x Bitcoin and Ether ETFs
Cboe Seeks SEC Approval for First US 3x Bitcoin and Ether ETFs According to The Block, the SEC published a notice on August 14 stating that Cboe BZX Exchange had filed a proposed rule change to list and trade Volatility Shares' 3x Bitcoin ETF and 3x Ether ETF, which could become the first triple-leveraged Bitcoin and Ether ETFs in the United States. The two funds would primarily use CME Bitcoin and Ether futures to seek three times the daily performance of their respective underlying assets. Because Cboe's generic listing standards prohibit leveraged products, the proposed listings require s…
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