According to CoinMeta, Bloomberg analyst Eric Balchunas stated that the U.S. Securities and Exchange Commission (SEC) has approved 3x leverage for Bitcoin, Ethereum, gold, silver, crude oil, and natural gas in accordance with the Securities Act of 1933, calling this move a major positive for Volatility Shares. The document he shared indicated that what was approved this time were changes to the rules for listing and trading these six products on CBOE BZX exchanges.