SEC Approves 3 Times Bitcoin Futures ETF Listing

On October 5, the U.S. Securities and Exchange Commission (SEC) approved the CboBZX exchange to amend its listing rules, allowing investment management company Volatility Shares LLC to issue 3 times Bitcoin futures ETFs and 5 other leveraged commodity products. The product portfolio also includes 3x Ethereum ETFs, as well as gold, silver, crude oil and natural gas products. Bitcoin's strategic goal is to achieve three times the performance on the benchmark day of futures. Before deducting expenses, a 1% increase in the benchmark corresponds to a 3% increase in the target, and a 1% decrease corresponds to a 3% decline in the target. Related products gain exposure through futures contracts and do not directly hold Bitcoin. Daily compound interest may cause long-term performance to deviate from the benchmark cumulative price increase or decrease. Product trading must begin after the registration statement takes effect. At least 100,000 copies of each product must be issued at the opening of the market, and the net asset value of each product must be calculated daily.