TREE NEWS update: The SEC approved a Cboe BZX rule change allowing Volatility Shares LLC to list a 3x bitcoin futures ETF alongside five other leveraged commodity products, including a 3x ether ETF plus gold, silver, crude oil and natural gas funds. The bitcoin strategy targets three times the daily futures benchmark, before fees, using futures contracts rather than holding bitcoin directly. Trading can begin once the registration statements take effect, with each product issuing at least 100,000 shares at open and calculating NAV daily.
SEC Approves Volatility Shares 3x Bitcoin Futures ETF on Cboe BZX
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AI take
The notable shift here is product breadth rather than the bitcoin fund itself: a single rule change clears a suite spanning ether, metals and energy, suggesting the SEC is now comfortable with daily-reset leveraged exposure as a category, not a one-off. That matters most for issuers and exchanges competing for listings, since it lowers the procedural bar for similar filings. The open question is whether trading actually begins once the registration statements take effect, and whether the futures-based structure attracts the flows that spot-linked products have drawn.
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