SEC Approves 3x Leveraged Bitcoin, Ether, and Other ETPs for Listing

Users and market participants now have a clearer picture of which products have cleared one exchange step: six leveraged ETPs tied to crypto and commodities received Cboe listing approval on Oct. 2. That matters to traders watching these products because the listing decision is already on the record, while the products are still described as awaiting another step before they are fully effective.

In practice, what changed is that a Cboe rule change was approved for the products, including futures-based exposure that targets three times the daily performance of Bitcoin, Ether and four commodities. What did not change is that listing approval is not the same as registration effectiveness, so the approval itself does not eliminate the separate requirement that remains in place.