SEC Approves Listing of Volatility Shares' 3x Bitcoin and Ether ETFs

The U.S. Securities and Exchange Commission approved a Cboe BZX Exchange rule change allowing the listing of six 3x leveraged crypto products from Volatility Shares, marking the first time U.S. regulators have greenlit 3x leverage crypto vehicles. The products include a 3x Bitcoin ETF (BITH) and a 3x Ether ETF (ETHK) utilizing daily resetting futures contracts. Despite the listing clearance under Release 34-106577, trading remains on hold pending effective Form S-1 registration statements. The 3x Bitcoin fund carries a 1.85% annual management fee.