Cboe is pushing for U.S. Securities and Exchange Commission approval of 3x Bitcoin and Ethereum futures ETFs, a move that would introduce the most highly leveraged crypto exchange-traded prod
Cboe is pushing for U.S. Securities and Exchange Commission approval of 3x Bitcoin and Ethereum futures ETFs, a move that would introduce the most highly leveraged crypto exchange-traded products yet after attention on Volatility Shares' existing 2x Ethereum fund.
The exchange's push centers on triple-leveraged products tracking Bitcoin and Ethereum futures, according to reporting on the Cboe filing. Any listing would first need to clear the SEC, which reviews exchange rule changes for new products through its self-regulatory organization rulemaking process for national securities exchanges.
The core of the request is regulatory: Cboe, as the listing exchange, needs the SEC to approve the rule change before 3x Bitcoin and Ethereum futures ETFs can trade. The leverage level is the distinguishing feature, aiming for triple the daily return of the underlying futures rather than the double exposure already available in the market. For related coverage, see Dogecoin, XRP Spot ETFs Debut on Cboe BZX Exchange.
Cboe has steadily expanded its crypto product lineup, having already launched U.S.-regulated Bitcoin and Ether futures and moved to list perpetual Bitcoin and Ethereum futures. The proposed 3x ETFs would extend that derivatives shelf into higher-leverage territory.
The push follows attention on Volatility Shares' existing 2x Ethereum fund, which serves as the immediate market precedent for leveraged Ether exposure in an ETF wrapper. Its presence signals established investor demand for amplified crypto returns, the same demand a 3x product would target.
The available reporting does not provide full, verified performance figures for that 2x fund, so its track record should be treated as context rather than proof that a higher-leverage successor would perform well. Leveraged funds reset daily, and the referenced reporting frames the backdrop as one where 2x crypto funds have already sustained steep losses.
A 3x product raises both the potential reward and the downside risk relative to a 2x fund, since daily moves in the underlying futures are magnified by half again as much. Pairing Bitcoin and Ethereum in the same filing broadens the potential appeal across the two largest crypto assets by market value.
Approval is not guaranteed. The SEC has repeatedly moved cautiously on crypto ETF applications, having delayed decisions on Solana ETFs even as issuers such as Invesco and Galaxy filed for approval, underscoring that a leveraged filing faces an uncertain review timeline.
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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