
The SEC cleared the first U.S. 3x leveraged Bitcoin and Ether ETPs on October 2, 2026, green-lighting six triple-leveraged products from Volatility Shares, with trading pending final registration. These are daily-reset products that target 3x the day's futures move, not 3x the long-term return of the underlying asset, meaning compounding and volatility make them unsuitable for buy-and-hold investors.