Cboe is seeking SEC approval for 3x Bitcoin and Ethereum futures ETFs, a leveraged-product push that would take crypto exchange-traded funds beyond the 2x structures already trading, and one that arrives against the backdrop of Volatility Shares’ existing 2x Ether fund. The filing is a request, not an approved launch.
What Cboe Is Asking the SEC to Approve
The proposal centers on listing 3x Bitcoin futures and 3x Ethereum futures ETFs, according to a Cboe BZX rule filing submitted to the SEC. The exchange is asking the regulator to clear the products for listing. For related coverage, see SEC-Approved Crypto ETFs in 2026: Bitcoin, Ethereum, Solana, XRP & Full List.
The move has been characterized as Cboe pushing for a 3x Bitcoin ETF, as reported by CryptoSlate. Approval is not yet final, and the SEC would need to sign off before any fund could list. For related coverage, see SEC Seeks Feedback on WisdomTree Bitcoin Fund Proposal.
Cboe has been expanding its crypto derivatives footprint, having moved to launch U.S.-regulated Bitcoin and Ether continuous futures. The leveraged ETF filing builds on that same Bitcoin and Ethereum focus. For related coverage, see SGX Launches Bitcoin, Ether Perpetual Futures for Institutions.
Why the 3x Structure Matters for Crypto ETF Traders
A 3x label means the fund aims to deliver three times the daily return of its underlying futures exposure, making it more aggressive than standard or 2x crypto futures ETFs. That amplified profile cuts both ways, magnifying gains and losses alike.
The products would be futures-based rather than spot-based, so they track derivatives contracts instead of holding Bitcoin or Ether directly. That distinction separates them from spot funds on the growing list of SEC-approved crypto ETFs.
Leveraged futures ETFs are generally geared toward short-term trading rather than long-term holding, because daily rebalancing means returns can drift from a simple 3x of the period’s move. The filing pairs Bitcoin and Ethereum in the same leveraged conversation.
How Volatility Shares’ 2x ETH Fund Sets the Context
Cboe’s request follows attention on Volatility Shares’ existing 2x Ether ETF, an already-trading leveraged crypto product that serves as a reference point for newer, higher-leverage proposals.
That existing 2x fund gives the market a comparison point for what a 3x version would look like. Because the source headline is truncated, this article makes no claim about the fund’s specific returns or performance beyond what the cited sources confirm.
The broader race to list leveraged and regulated crypto derivatives continues to draw exchanges, with Cboe among those extending its Bitcoin and Ethereum futures lineup. Whether the SEC clears the 3x products remains up to the regulator.
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.
