ME News reports that on August 15 (UTC+8), Cboe BZX Exchange is seeking SEC approval to list a suite of leveraged commodity ETFs, including daily leveraged products offering 3x long exposure to Bitcoin and Ethereum. According to a proposed rule change filing submitted on Friday, Cboe plans to launch 3x Gold ETF, 3x Silver ETF, 3x Bitcoin ETF, 3x Ether ETF, 3x Crude Oil ETF, and 3x Natural Gas ETF. These funds aim to achieve three times the daily performance of their underlying assets primarily by holding futures contracts on CME or COMEX, backed by cash and cash equivalents. Since these products do not meet the exchange’s general listing standards’ restrictions on leveraged instruments, Cboe must obtain approval through a special rule filing. Such highly leveraged funds are typically intended for sophisticated investors for short-term tactical trading and are not suitable for long-term holding. The filing also indicates that these funds will operate as “commodity pools” under CFTC regulation, rather than as investment companies regulated under the 1940 Act like many traditional ETFs. Commodity pools typically pool funds from multiple investors to trade derivatives or other commodities-related instruments. (Source: ChainCatcher)
Cboe Seeks SEC Approval for the First 3x Leveraged BTC and ETH ETFs in the U.S.
KuCoinFlashShare
Summary
Cboe BZX Exchange is seeking SEC approval for the first 3x leveraged Bitcoin and Ether ETFs in the U.S. The products aim to deliver 3x daily returns using CME or COMEX futures and cash collateral. Bitcoin ETF approval remains a key focus for market participants. The funds will be CFTC-regulated commodity pools, not SEC investment companies. Liquidity and crypto markets could see new dynamics if approved. Cboe must secure special rule approval due to regulatory limits on leveraged products.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.