The US Securities and Exchange Commission has approved Cboe BZX’s proposal to list 3x Bitcoin and 3x Ether ETPs from Volatility Shares, clearing a path for a new level of leveraged crypto exposure in the US. The SEC’s order found the proposal consistent with applicable exchange and investor protection requirements.
Leveraged crypto products are not new to the US. Investors can already access products targeting 2x the daily performance of Bitcoin and Ether. These proposed 3x products would take that exposure a step further.
The products will use futures to target three times the daily performance of Bitcoin or Ether. The word “daily” matters. Returns over longer periods may differ significantly from three times the asset’s return, while both gains and losses can be amplified.
Approval does not mean the products have launched. We will add each one to the CryptoETP.net database when it begins trading, with its fees, structure and other key details. Sign up to receive an email when each product launches.
This article is for information only and is not financial advice or a recommendation to invest. Leveraged crypto products are complex, highly volatile and can produce substantial losses.