The SEC approved on October 2 the listing rules of Cboe BZX for VS Trust’s 3x Bitcoin and Ether futures-based products, sponsored by Volatility Shares. The proposed funds under symbols BITH and ETHK target three times daily benchmark returns before fees. The approval covers six exchange-traded products structured as Commodity-Based Trust Shares, without the regulatory protections of traditional funds. Registration effectiveness and first trading date remain unconfirmed as of October 4. Due to compounding effects, longer-period returns can substantially deviate from the 3x daily multiple, and losses are likewise amplified.
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