The U.S. Securities and Exchange Commission has approved the listing of leveraged exchange-traded funds designed to deliver three times the daily return of six assets, including Bitcoin and Ether. The lineup also includes products tied to gold, silver, crude oil and natural gas.

Eric Balchunas, Bloomberg Intelligence's senior ETF analyst, wrote in a post on X on Oct. 2 that the SEC appears to have approved 3x leveraged ETFs on Bitcoin, Ether, gold, silver, crude oil and natural gas under the Securities Act of 1933.

According to a published filing, the SEC approved a proposed rule change submitted by Cboe BZX Exchange to list and trade the products. The funds are part of the VS Trust managed by Volatility Shares. BZX submitted the proposal on Aug. 10, and the SEC published it in the Federal Register on Aug. 19 for public comment.

Under the previously disclosed fund structure, the ETFs use futures contracts and other instruments to seek returns equal to three times the daily performance of indexes tied to the underlying assets, before fees and expenses. The Bitcoin and Ether products are based on Chicago Mercantile Exchange futures prices.