The U.S. Securities and Exchange Commission approved Cboe BZX's rule change to list six triple-leveraged exchange-traded products from Volatility Shares, covering bitcoin and ether futures as well as gold, silver, crude oil and natural gas. The Oct. 2 order clears a listing hurdle but does not permit immediate trading: each product still needs an effective registration statement, at least 100,000 shares outstanding at launch and daily net asset value calculations. The bitcoin product seeks three times the daily return of a benchmark using first- and second-month bitcoin futures, not bitcoin held directly. Its daily reset means a 1% benchmark move targets a 3% gain or loss before fees and expenses, while compounding can cause returns over longer periods to depart materially from three times cumulative benchmark performance.