SEC Approves First 3x Leveraged Bitcoin, Ether, and Commodity ETPs

Bitcoin held steady near $84,860 after the U.S. Securities and Exchange Commission approved a Cboe BZX rule change permitting the listing of six 3x leveraged exchange-traded products from Volatility Shares' VS Trust. The approval under Release No. 34-106577 clears triple-leveraged funds tied to Bitcoin and Ether, alongside gold, silver, crude oil, and natural gas. The crypto funds will obtain 300% daily leveraged exposure through CME Group futures contracts rather than physical spot holdings. Public trading remains on hold pending effective Form S-1 registration statements under the Securities Act of 1933.