SEC Clears Cboe Leveraged Crypto ETP Listings and IEX Crypto Options Standard

  • SEC separately cleared Cboe's six 3x VS Trust ETP listings and made IEX's generic crypto-trust options standard effective.
  • The Cboe products cover Bitcoin, Ether, gold, silver, crude oil and natural gas; IEX requires a $700 million 12-month average market-value threshold for each underlying asset.
  • Cboe's shares still need Securities Act registration, while IEX Options began trading on October 2 under ongoing surveillance and eligibility reviews.

On October 2, 2026, the U.S. Securities and Exchange Commission took two separate crypto-market actions: it cleared Cboe BZX to list six triple-leveraged VS Trust exchange-traded products, including the first U.S.-approved 3x Bitcoin and 3x Ether ETPs, and made effective an Investors Exchange rule allowing generic options listings on trusts holding one or more crypto assets. The Cboe products target three times the daily performance of Bitcoin, Ether, gold, silver, crude oil and natural gas before fees and expenses, but still require Securities Act registration and have no announced launch date. The IEX standard requires each underlying asset to average at least $700 million in daily market value over 12 months and to underlie a qualifying derivatives contract, while aligning IEX position and exercise limits for BlackRock's iShares Bitcoin Trust ETF, or IBIT, with other exchanges. IEX Options was scheduled to begin trading the same day, and the rule remains open for public comment for 21 days after Federal Register publication.

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