Cboe Files for 3x Bitcoin and Ether ETFs Amid BTC ETF Outflows

Cboe BZX has filed with the SEC to list the first U.S. 3x leveraged Bitcoin and Ether ETFs, issued by Volatility Shares and designed to use CME Bitcoin and Ether futures to target three times the daily move of the underlying assets. The filing is notable because Cboe’s generic standards do not allow leveraged products by default, so SEC approval is required. The proposal arrives as spot crypto ETF flows weaken: Bitcoin ETFs saw $57.63 million in net outflows on August 14, marking a third straight day of redemptions, while Ether ETFs were flat with zero net flows. The application also includes leveraged gold, silver, crude oil, and natural gas ETFs, underscoring broader demand for leveraged exposure across asset classes. Market impact is centered on regulatory sentiment and ETF product expansion rather than immediate price action, with the filing potentially boosting leverage-driven trading interest if approved.