[DigitalToday reporter Hyunwoo Choo (추현우)] The U.S. Securities and Exchange Commission approved the listing and trading of six 3x leveraged ETFs based on bitcoin, ether, gold, silver, oil and natural gas. Coinpost, a blockchain media outlet, reported on Oct. 3 that the approval was made by approving a rule change filed by the Cboe BZX Exchange.

All six products approved this time are designed to use futures to track three times the daily price change of the underlying assets, before fees and expenses. The two bitcoin- and ether-related products mainly use CME futures and cash collateral.

All of the products are VS Trust series sponsored by Volatility Shares. The SEC allowed their listing in the form of commodity-based trust shares.

Bloomberg ETF analyst Eric Balchunas pointed out on X that the six issues are commodities under the Securities Act of 1933. He assessed the decision as an approval favorable to Volatility Shares.

The listing process has been under way since August. The Cboe BZX Exchange filed the rule change on Aug. 10, and the public comment period began when it was published in the Federal Register on Aug. 19.

The approval corresponds to the stage of allowing listing. Additional procedures, including effectiveness of registration, are required before trading can begin.

Volatility Shares already runs 2x strategy products related to bitcoin and ether in the United States. In Europe, it also operates related products offering 3x and minus 3x exposure to bitcoin and ether.