Update
SEC Approves Volatility Shares' 3x Bitcoin and Ether ETFs
The Securities and Exchange Commission (SEC) has approved a rule change allowing the Cboe BZX Exchange to list six triple-leveraged exchange-traded products from Volatility Shares. Two of these products are a 3x Bitcoin ETF and a 3x Ether ETF. The approval marks the first time a US regulator has given a green light to crypto products with this much leverage. However, the funds cannot start trading yet as the SEC must declare their Form S-1 registration statement effective. The proposed tickers are BITH for the 3x Bitcoin ETF and ETHK for the 3x Ether ETF. No launch date has been announced for either fund, which aims to deliver three times the daily performance of their underlying futures benchmarks.