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The U.S. regulatory landscape shifted dramatically as the SEC greenlit the nation's first 3x leveraged Bitcoin and Ethereum exchange-traded products. Specifically, the regulator permitted Cboe BZX to onboard six novel Volatility Shares ETFs, introducing triple-leveraged exposure to BTC, ETH, gold, silver, crude oil, and natural gas. While this marks an unprecedented expansion of leveraged crypto derivatives in domestic markets, investors should note that these instruments derive their performance from CME futures contracts, bypassing underlying physical or spot digital asset custody.

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