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3 clusters · 25 sources · 25 days · First seen · Last updated

US regulatory developments in crypto and commodity ETPs

Overview

The regulatory landscape for digital asset derivatives and exchange-traded products in the United States has expanded through recent approvals.

Initially, the Singapore Exchange (SGX) secured authorization from the U.S. Commodity Futures Trading Commission (CFTC) to allow U.S. institutional investors to access Bitcoin and Ether perpetual futures. This development occurred alongside shifting trends in the U.S. spot ETF market, where Bitcoin ETFs saw significant net outflows while Ethereum products, such as BlackRock’s iShares Ethereum Trust, experienced renewed institutional interest.

Subsequently, the U.S. Securities and Exchange Commission (SEC) approved a rule change for six 3x leveraged exchange-traded products (ETPs) via the Volatility Shares (VS) Trust. These products, which will be listed on the Cboe BZX Exchange, utilize Chicago Mercantile Exchange futures rather than holding spot assets. The lineup includes cryptocurrency-linked products for Bitcoin and Ethereum, as well as commodity-linked products for gold, silver, crude oil, and natural gas.

Notably, these products operate under the Securities Act of 1933 rather than the Investment Company Act of 1940, a distinction that allows for the 3x leverage. Because the funds reset daily, their long-term performance may deviate significantly from three times the underlying asset's total return due to volatility decay.

Regarding broader market trends, Bitcoin ETFs recently saw net weekly inflows of approximately $241 million, while Ethereum ETFs experienced net outflows of $138 million. Additionally, applications for spot Injective (INJ) ETFs from 21Shares and Canary Capital remain pending. Injective co-founder Eric Chen has suggested that spot INJ ETFs in the U.S. could arrive sooner than 2027.

Entities

Bitcoin · Cboe BZX exchange · Securities and Exchange Commission · Bitcoin · Ethereum

Timeline

  1. [BUSINESS] 15 sources
    SEC approves 3x leveraged Bitcoin and Ethereum ETFs

    The SEC approved 3x leveraged Bitcoin and Ethereum ETFs for Cboe BZX, marking a regulatory shift for commodity-based products. Meanwhile, Bitcoin ETFs saw weekly inflows while Ethereum saw outflows.

  2. [BUSINESS] 7 sources
    SEC approves first 3x leveraged Bitcoin and Ether ETPs

    The SEC has approved Cboe BZX rule changes to allow the listing of the first 3x leveraged Bitcoin and Ether ETPs, sponsored by Volatility Shares LLC, expanding regulated crypto derivative options.

  3. [BUSINESS] 10 sources
    Singapore Exchange gains CFTC approval for US institutional crypto futures access

    SGX has gained CFTC approval to offer Bitcoin and Ether perpetual futures to U.S. institutions, while U.S. spot Bitcoin ETFs face outflows as Ethereum funds see increased institutional inflows.

Sources

blockchainreporter.net · blockchainseoul.kr · btc-echo.de · btcwires.com · cnbce.com · coincu.com · crypto.news · cryptobriefing.com · decrypt.co · detlionblood32.wordpress.com · en.bitcoinsistemi.com · finanzen.at · kryptomagazin.cz · livebitcoinnews.com · merca2.es · mycryptoparadise.com · news.bitcoin.com · nosmokesport.com · osnews.pl · sondakika.com · tekedia.com · thecryptocurrencypost.net · thedailyupside.com · themarketperiodical.com · tronweekly.com

This summary has been updated 3 times: see revision history