Odaily Planet Daily reports: Bitcoin News posted on X that the SEC has approved Cboe BZX to list Volatility Shares’ 3x Bitcoin ETF. The product aims to track three times the daily movement of a Bitcoin futures benchmark. If Bitcoin futures rise by 1%, the fund targets a 3% gain before fees; if they fall by 1%, it targets a 3% loss. The ETF still needs to wait for its registration statement to become effective before it can trade. The fund holds Bitcoin futures, not spot Bitcoin.