SEC Approves Cboe BZX Listing of Volatility Shares 3x Bitcoin ETF, Trading Still Pending Registration Statement Effectiveness

Odaily News: Bitcoin News posted on X platform that the SEC has approved Cboe BZX to list the 3x Bitcoin ETF launched by Volatility Shares. The product aims to track 3 times the daily fluctuation of the Bitcoin futures benchmark. When Bitcoin futures rise 1%, the fund targets a 3% gain before fees; when they fall 1%, it targets a 3% loss. The ETF still needs to wait for its registration statement to become effective before trading, and the fund holds Bitcoin futures rather than spot Bitcoin.