Cboe has filed with the U.S. Securities and Exchange Commission to list what the filing frames as the first U.S. 3x-leveraged Bitcoin and Ether ETFs, pushing an aggressive new form of crypto
Cboe has filed with the U.S. Securities and Exchange Commission to list what the filing frames as the first U.S. 3x-leveraged Bitcoin and Ether ETFs, pushing an aggressive new form of crypto exposure toward American exchanges.
The proposal arrives as a rule filing, not an approval. Cboe’s BZX Exchange submitted the change to the SEC under filing number SR-CboeBZX-2026-065, which sits among the exchange’s pending rule filings awaiting regulatory review. For related coverage, see Anthony Pompliano Reportedly Plans Bitcoin, Gold, Guns, and mNAV Discount ETFs.
The products at the center of the filing would offer leveraged exposure to both Bitcoin and Ether, the two largest crypto assets by market value. That pairing places the filing squarely in the same lineage as recent U.S. crypto ETF activity, including Cboe’s earlier move toward a 3x leveraged Bitcoin ETF. For related coverage, see Goldman Sachs NEOS Deal Adds Bitcoin Income ETF Business.
The “first U.S.” framing is the central claim being advanced by the filing rather than an independently verified market record. What is clear from the exchange’s BZX rule filings docket is that the proposal is live and in the queue for SEC consideration. For related coverage, see Q2 Crypto Fundamentals Advanced Despite Bitcoin ETF Outflows and Price Weakness.
A 3x-leveraged ETF aims to deliver three times the daily return of its underlying asset. If Bitcoin rises 2% in a day, the fund targets roughly a 6% gain; if it falls 2%, the fund targets a comparable loss.
That mechanism amplifies both gains and losses, making these wrappers materially riskier than plain spot funds such as the spot Ethereum products recently brought to market. The filing signals demand for hotter, faster crypto exposure rather than another vanilla listing.
This is a risk-access story more than a price story. The regulatory brief underpinning this report does not include verified pricing data for Bitcoin or Ether, so the significance here rests on the structure of the products, not on any current market level.
Exchange rule filings like this one move through a defined SEC process governed by the agency’s self-regulatory organization rulemaking framework. That process can include public notice, comment periods, extended review windows, and either approval or rejection.
There is no basis in the available evidence to predict the odds of approval. Leveraged crypto products introduce risk considerations that the SEC has historically scrutinized closely, and the timeline can stretch well beyond the initial filing date.
Readers watching this proposal should track updates to Cboe’s BZX filing docket and any SEC notice tied to SR-CboeBZX-2026-065. The filing opens the door, but the SEC still controls whether these high-octane crypto products reach U.S. markets.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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