SEC Opens Comment Period On Cboe 3x Bitcoin And Ethereum ETF Proposal
Summary
The SEC opened a public comment period on Cboe BZX Exchange’s proposal to list six daily 3x leveraged Bitcoin and Ethereum futures ETFs sponsored by Volatility Shares. The funds would use CME front-month and next-month futures and reset daily, making them short-term trading tools rather than buy-and-hold crypto exposure. Because returns compound and reset each day, performance can drift over time, especially in volatile markets like Bitcoin and Ethereum. The proposal covers futures-based products, not spot ETFs, so they would not directly hold BTC or ETH. The comment period is only a procedural step; the SEC can still approve, reject, delay, or modify the filing.
