Cboe BZX Exchange has filed an application with the U.S. Securities and Exchange Commission seeking approval to launch 3x leveraged Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds. The proposed products are designed to give investors leveraged cryptocurrency exposure that can amplify both gains and risks. The filing is currently under review, and the outcome remains uncertain.

Cboe has filed a proposed rule change with the U.S. Securities and Exchange Commission seeking approval to list the first 3x leveraged Bitcoin and Ether exchange-traded funds in the United States. The funds aim for three times the daily return of their reference assets, which puts them outside Cboe BZX’s standard listing criteria and requires specific SEC approval. The filing would broaden leveraged crypto exchange-traded products beyond existing lower-multiple structures and also includes products tied to gold and silver futures.

World Liberty Financial has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to organize World Liberty Trust Company, N.A., a national trust bank. The proposed institution is intended to issue the USD1 stablecoin and provide federally supervised custody services. USD1’s on-chain circulation has surpassed $4 billion, according to CoinGecko-tracked data. The OCC decision is preliminary, and the bank is not yet operating as it must meet additional requirements before it can open.

Solana Company’s latest financial data show the firm posted a $30.3 million net loss despite participating in cryptocurrency staking to generate yield. The result highlights financial pressure at the operating level. The company did not provide further details on what drove the loss. It also did not disclose whether the loss involved the SOL token itself.

Cboe has filed an application with the U.S. SEC seeking approval to launch the first 3x leveraged Bitcoin and Ether ETFs. The products are structured as commodity pools regulated by the CFTC, rather than being registered under the Investment Company Act of 1940. The ETFs aim for daily returns equal to three times the underlying assets, but trading cannot begin until the related S-1 registration statement becomes effective. The SEC’s stance on leveraged products has been inconsistent, leaving the approval outlook uncertain.

Dubai’s virtual asset regulator granted crypto derivatives platform Deribit a broker-dealer licence on August 13, enabling spot orders placed on Deribit to be routed to Coinbase Exchange for matching. The change gives clients access to hundreds of additional assets and could later support derivatives trading. Abu Dhabi approved Coinbase on August 11 to operate a tokenised securities hub. Coinbase completed its roughly $2.9 billion acquisition of Deribit in 2025 after Deribit recorded more than $1 trillion in 2024 trading volume, a peak monthly volume of $185 billion and about $60 billion in open interest.

The Office of the Comptroller of the Currency gave World Liberty Trust Company preliminary conditional approval on Aug. 14, 2026. The proposed trust bank plans to issue the USD1 stablecoin, manage its reserves and offer institutional digital-asset custody. Operating conditions include maintaining at least $20 million in tier 1 capital, while final approval still hinges on a preopening examination and detailed compliance requirements. Lawmakers have also raised concerns about potential conflicts of interest involving President Trump and his family.

Cboe BZX has filed with the SEC to launch the first U.S. 3x leveraged Bitcoin and Ethereum ETFs, and the proposal also includes 3x leveraged ETFs tied to gold, silver, crude oil and natural gas. This would mark the first time leveraged crypto ETFs have entered the U.S. regulatory approval process. The SEC has not yet decided whether to approve the filing.