WuBlockchain
The U.S. SEC approved a Cboe BZX rule change to list and trade six 3x leveraged ETPs covering Bitcoin, Ether, gold, silver, crude oil and natural gas. Bloomberg ETF analyst Eric Balchunas shared the approval document and called the decision a major win for Volatility Shares.
Why it matters
The ruling opens a route for exchange-listed products offering triple-leveraged exposure to two major crypto assets alongside four commodities. Balchunas said the products were approved under the Securities Act of 1933.
Market impact
For investors, the immediate change is approval of the listing and trading rule, not confirmation that the products have begun trading. The products' launch and market reception remain the next developments to watch. Triple leverage also magnifies losses as well as gains.
Frequently asked questions
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What did the SEC approve for Cboe BZX?
The SEC approved Cboe BZX's proposed rule change to list and trade six 3x leveraged ETPs.
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Which assets do the six ETPs cover?
They cover Bitcoin, Ether, gold, silver, crude oil and natural gas.
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Have the leveraged ETPs begun trading?
The approval covers listing and trading, but it does not confirm that the products have begun trading.
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Why did Eric Balchunas call the decision a win for Volatility Shares?
Balchunas described the approval as a major win for Volatility Shares. The decision opens a path to list and trade the six leveraged products.
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What does 3x leverage mean for investors in these ETPs?
Triple leverage magnifies losses as well as gains. Investors will also be watching for the products' launches and market reception.
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