Last Friday, the SEC approved “3x leverage” for Bitcoin and Ethereum, but you still can’t buy these products today.
On October 2, the SEC approved a Cboe BZX rule change (Release No. 34-106577), allowing Volatility Shares’ VS Trust to list six triple-leveraged ETPs: 3x Bitcoin, 3x Ethereum, and 3x gold, silver, crude oil, and natural gas.
Three key points: These products don’t hold spot assets; they track CME futures. The 3x leverage applies only to daily gains and losses and resets every day. Approval merely “allows the listing”—trading must still wait for the Form S-1 registration to become effective, and the SEC gave no timeline.
My take: Approving BTC and ETH alongside gold and crude oil amounts to another regulatory acknowledgment that they are mainstream commodity assets, which is positive for their long-term institutional adoption. But daily-reset 3x products are essentially short-term trading tools; volatility decay in sideways markets can eat into returns, so retail investors shouldn’t treat them as long-term holdings.
Would you use these triple-leveraged products if they launch?
#SEC批准三倍杠杆ETP
$BTC $ETH
Data as of: 2026-10-05 14:00 UTC
Sources: TradingView (Crypto Briefing, October 3 news); TradersUnion (comments by Bloomberg analyst Eric Balchunas)
For informational purposes only; not investment advice.
On October 2, the SEC approved a Cboe BZX rule change (Release No. 34-106577), allowing Volatility Shares’ VS Trust to list six triple-leveraged ETPs: 3x Bitcoin, 3x Ethereum, and 3x gold, silver, crude oil, and natural gas.
Three key points: These products don’t hold spot assets; they track CME futures. The 3x leverage applies only to daily gains and losses and resets every day. Approval merely “allows the listing”—trading must still wait for the Form S-1 registration to become effective, and the SEC gave no timeline.
My take: Approving BTC and ETH alongside gold and crude oil amounts to another regulatory acknowledgment that they are mainstream commodity assets, which is positive for their long-term institutional adoption. But daily-reset 3x products are essentially short-term trading tools; volatility decay in sideways markets can eat into returns, so retail investors shouldn’t treat them as long-term holdings.
Would you use these triple-leveraged products if they launch?
#SEC批准三倍杠杆ETP
$BTC $ETH
Data as of: 2026-10-05 14:00 UTC
Sources: TradingView (Crypto Briefing, October 3 news); TradersUnion (comments by Bloomberg analyst Eric Balchunas)
For informational purposes only; not investment advice.