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SEC Clears 3x Leveraged Bitcoin and Ethereum Funds for Trading

The SEC on October 2 approved a Cboe rule permitting six Volatility Shares funds that seek to deliver three times the daily moves of futures on Bitcoin, Ethereum, gold, silver, crude oil and natural gas to list on Cboe's BZX Exchange. The order allows the funds to trade like ordinary stocks once each fund's registration statement is effective, but it does not set a launch date.