The U.S. Securities and Exchange Commission has approved the listing of a 3x Bitcoin exchange-traded fund from Volatility Shares on Cboe BZX, according to a post by Bitcoin News on X. The product is designed to track three times the daily move of a Bitcoin futures benchmark rather than the spot price of Bitcoin itself. Under the structure described in the source, if Bitcoin futures rise 1%, the fund’s target is a 3% gain before fees and expenses. If Bitcoin futures fall 1%, the target is a 3% loss before fees. The ETF has not started trading yet. It still needs its registration statement to become effective before trading can begin. The report also makes clear that the fund will hold Bitcoin futures contracts, not spot Bitcoin. The development adds another leveraged Bitcoin-linked product to the regulated market, though the approval referenced here is specifically tied to exchange listing and does not mean immediate trading has begun.
Bitcoin News said in a post on X that the U.S. Securities and Exchange Commission has approved the listing of Volatility Shares’ 3x Bitcoin ETF on Cboe BZX.
The product 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 before fees.
The ETF still cannot trade yet. Its registration statement must become effective before trading begins. The fund will hold Bitcoin futures rather than spot Bitcoin.
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