Cboe Files for SEC Approval of First 3x Leveraged Bitcoin and Ether ETFs

The Chicago Board Options Exchange has filed for U.S. Securities and Exchange Commission approval to list the first-ever 3x leveraged Bitcoin and Ether exchange-traded funds, a move that could significantly expand the toolkit for sophisticated cryptocurrency traders. The filing, submitted on August 10, 2026, by Cboe BZX Exchange, seeks to introduce a suite of six triple-leveraged commodity ETFs, including products tied to Bitcoin, Ether, gold, silver, crude oil, and natural gas.

The proposed funds, sponsored by Volatility Shares LLC, are designed to deliver three times the daily performance of their underlying assets. For the cryptocurrency products, this would be achieved primarily through holding first and second-month CME Bitcoin and Ether futures contracts, with the remainder of assets held in cash or cash equivalents as collateral. This structure would provide U.S. investors with a regulated vehicle for gaining amplified, short-term exposure to the two largest cryptocurrencies without trading futures directly.

The filing represents a notable escalation in the development of crypto-linked investment products. While the U.S. market already has 2x leveraged Bitcoin and Ether...