TechFlame News — Cboe BZX Exchange is seeking approval from the U.S. SEC to list a suite of leveraged commodity ETFs, including daily leveraged products offering 3x exposure to Bitcoin and Ether.

According to a proposed rule change filed Friday, Cboe plans to launch 3x Gold ETF, 3x Silver ETF, 3x Bitcoin ETF, 3x Ether ETF, 3x Crude Oil ETF, and 3x Natural Gas ETF. These funds would primarily hold CME or COMEX futures contracts, backed by cash and cash equivalents, seeking to deliver 3x the daily performance of the underlying assets.

Because these products do not meet the restrictions on leveraged products under the exchange's general listing standards, Cboe must obtain approval through a special rule filing. Such highly leveraged funds are typically geared toward sophisticated investors for short-term tactical trading and are not suitable for long-term holding.

The filing also shows these funds will operate as "commodity pools" subject to CFTC regulation, rather than as 1940 Act investment companies under SEC oversight like many traditional ETFs. Commodity pools typically pool capital from multiple investors to trade derivatives or other commodity-related instruments.