The U.S. Securities and Exchange Commission has approved Cboe BZX to list a 3x Bitcoin ETF from Volatility Shares, according to a post by Bitcoin News on X. The product is designed to deliver three times the daily move of a Bitcoin futures benchmark. Under that structure, if Bitcoin futures rise 1%, the fund’s target is a 3% gain before fees; if futures fall 1%, the target is a 3% loss. The ETF is not yet available for trading, as its registration statement still needs to become effective. The fund will hold Bitcoin futures rather than spot Bitcoin. The update points to regulatory approval for the exchange listing, while the product itself still has one more step before launch.
The U.S. Securities and Exchange Commission has approved Cboe BZX to list a 3x Bitcoin ETF from Volatility Shares, according to a post by Bitcoin News on X.
The fund is designed to track three times the daily move of a Bitcoin futures benchmark. If Bitcoin futures rise 1%, the fund’s target is a 3% gain before fees. If Bitcoin futures fall 1%, the target is a 3% loss.
The ETF still cannot begin trading yet, because its registration statement has not become effective. The fund will hold Bitcoin futures, not spot Bitcoin.
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