- The SEC approved a Cboe rule change on October 2 to list six Volatility Shares funds targeting three times the daily moves of Bitcoin, Ethereum, gold, silver, crude oil, and natural gas futures.
- Each fund resets daily and targets 3x the daily performance of futures contracts; the order sets no launch date, and shares cannot trade until each fund's registration statement takes effect.
- The approval follows SEC warning letters in December 2025 on leverage above 2x and a March 2026 request to avoid 5x products; Volatility Shares already operates 2x Bitcoin and Ethereum funds.
Quotes
“The SEC approved a rule change on October 2 that lets the Cboe exchange list six funds built to deliver three times the daily price moves of Bitcoin, Ethereum, gold, silver, crude oil, and natural gas, per the agency's order.”
“The funds come from Volatility Shares, the firm behind existing 2x Bitcoin and Ethereum products.”
“The order sets no launch date.”