The SEC starts approving a 3x leveraged Bitcoin ETF
On Friday, the SEC posted for public comment six 3x daily leveraged ETF proposals submitted by Cboe BZX, under filing number SR-CboeBZX-2026-065. There is one each for Bitcoin, Ethereum, gold, silver, crude oil, and natural gas, issued by Volatility Shares.
I read through the SEC’s original text, and two details are worth noting.
First, it doesn’t touch spot holdings. All six hold front-month and next-month futures. Bitcoin and Ethereum trade on the CME, gold and silver on COMEX, and oil and gas on NYMEX; the remaining allocation is placed in cash-like collateral.
Second, the “3x” is a daily reset. Every day at the close it resets back to zero and starts over. In a choppy market, holding for a month may mean you’re losing first even if the underlying hasn’t fallen—compounding drag isn’t a small issue.
If this gets approved, it would be the first batch of 3x crypto ETFs in the U.S. For mainstream brokerage accounts, it would be a one-click way to go 3x long Bitcoin, and intraday volatility would likely jump up another level.
But right now this is only an initiation of the review process—still far from approval. Don’t let clickbait headlines lead you astray.
Would any of you be willing to trade a 3x product? I can barely hold a 2x one.
$BTC #SEC审查6只3倍杠杆商品ETF
On Friday, the SEC posted for public comment six 3x daily leveraged ETF proposals submitted by Cboe BZX, under filing number SR-CboeBZX-2026-065. There is one each for Bitcoin, Ethereum, gold, silver, crude oil, and natural gas, issued by Volatility Shares.
I read through the SEC’s original text, and two details are worth noting.
First, it doesn’t touch spot holdings. All six hold front-month and next-month futures. Bitcoin and Ethereum trade on the CME, gold and silver on COMEX, and oil and gas on NYMEX; the remaining allocation is placed in cash-like collateral.
Second, the “3x” is a daily reset. Every day at the close it resets back to zero and starts over. In a choppy market, holding for a month may mean you’re losing first even if the underlying hasn’t fallen—compounding drag isn’t a small issue.
If this gets approved, it would be the first batch of 3x crypto ETFs in the U.S. For mainstream brokerage accounts, it would be a one-click way to go 3x long Bitcoin, and intraday volatility would likely jump up another level.
But right now this is only an initiation of the review process—still far from approval. Don’t let clickbait headlines lead you astray.
Would any of you be willing to trade a 3x product? I can barely hold a 2x one.
$BTC #SEC审查6只3倍杠杆商品ETF