On October 2, 2026, the SEC approved a rule change allowing six 3x leveraged products, including the 3x Bitcoin ETF and 3x Ether ETF, alongside funds tied to gold, silver, crude oil, and natural gas. Structured as series of the Volatility Shares Trust, these products use futures contracts rather than holding the underlying assets themselves. Trading cannot begin until a separate Form S-1 registration statement becomes effective, with no launch date disclosed. The daily reset mechanism means that multi-day performance depends on price path, which can erode value in volatile markets.
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