The Cboe BZX Exchange has filed a proposed rule change to list the first-ever 3x leveraged Bitcoin ETF in the United States. Sponsored by Volatility Shares LLC, the product aims to deliver daily returns equal to three times the performance of Bitcoin through first- and second-month CME Bitcoin futures contracts. Structured as a commodity pool rather than under the Investment Company Act of 1940, the fund falls under CFTC jurisdiction rather than SEC oversight. Shares cannot begin trading until the associated S-1 registration statement becomes effective, with no specific listing date confirmed.
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