Geopolitics Alpha

SEC Clears 3x Leveraged Bitcoin and Ethereum Funds for Trading

Published . Updated .

The agency approved a Cboe rule letting six Volatility Shares funds that triple the daily moves of Bitcoin, Ethereum, gold, silver, oil, and natural gas list on a U.S. exchange.

Directly affected

  • No company is named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust

    This price moves with the crypto market

  • COIN Coinbase

    The crypto exchange moves with trading volumes

  • MSTR Strategy

    This company's value is tied to its bitcoin holdings

  • MARA MARA Holdings

    Bitcoin miners move with the bitcoin price

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • RIOT Riot Platforms

    Bitcoin miners move with the bitcoin price

  • HOOD Robinhood

    Retail trading apps move with crypto volumes

  • OXY Occidental Petroleum

    Oil producers earn more when crude prices rise

  • COP ConocoPhillips

    Oil producers earn more when crude prices rise

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
IBIT———————
COIN———————
MSTR———————
MARA———————
XOM———————
CVX———————
RIOT———————
HOOD———————
OXY———————
COP———————

The agency approved a Cboe rule letting six Volatility Shares funds that triple the daily moves of Bitcoin, Ethereum, gold, silver, oil, and natural gas list on a U.S. exchange.

Source: Decrypt

The price since 5 Oct 2026: United States Oil Fund (USO) versus the S&P 500

Since the first closing price after “SEC Clears 3x Leveraged Bitcoin and Ethereum Funds for Trading,” United States Oil Fund (USO) is +10.97%. The S&P 500 fund (SPY) is -1.60% over the same days, a +12.58% difference versus the market. energy stocks (XLE) is +6.39%, a +4.59% difference versus that group of stocks.

USO
SPY
XLE

United States Oil Fund (USO) filings in this energy story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Companies in energy around United States Oil Fund (USO)

Companies mentioned with this story

  • USO United States Oil Fund

    For “SEC Clears 3x Leveraged Bitcoin and Ethereum Funds for Trading,” United States Oil Fund (USO) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf

    State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence in the 5 Oct 2026 story “SEC Clears 3x Leveraged Bitcoin and Ethereum Funds for Trading.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • BNO United States Brent Oil Fund

    For “SEC Clears 3x Leveraged Bitcoin and Ethereum Funds for Trading,” United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • XLE Select Sector Spdr Tr

    In “SEC Clears 3x Leveraged Bitcoin and Ethereum Funds for Trading,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • UNG United States Natural Gas Fund

    United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence in the 5 Oct 2026 story “SEC Clears 3x Leveraged Bitcoin and Ethereum Funds for Trading.” Reason on file: Natural-gas or LNG supply changes can transmit through gas pricing and energy-sector cash flows

  • BE Bloom Energy

    For “SEC Clears 3x Leveraged Bitcoin and Ethereum Funds for Trading,” Bloom Energy (BE) is linked, with no stored direction, medium confidence. Reason on file: GA selected BE as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • AEIS Advanced Energy Industries

    For “SEC Clears 3x Leveraged Bitcoin and Ethereum Funds for Trading,” Advanced Energy Industries (AEIS) is linked, with no stored direction, medium confidence. Reason on file: GA selected AEIS as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • AMPY Amplify Energy

    In “SEC Clears 3x Leveraged Bitcoin and Ethereum Funds for Trading,” Amplify Energy (AMPY) is linked, with no stored direction, medium confidence. Reason on file: GA selected AMPY as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

United States Oil Fund (USO) and the energy link

On 5 Oct 2026, “SEC Clears 3x Leveraged Bitcoin and Ethereum Funds for Trading” is the story that connects United States Oil Fund (USO) to Energy.

The link for United States Oil Fund (USO) is this: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

Also listed, State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP): Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

The price range for United States Oil Fund (USO), and the dates in the story

BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. USO traded between 141.82 and 162.99 across 20 sessions. The latest close on file is 160.80. XLE traded between 60.95 and 68.51 across 20 sessions. The latest close on file is 67.80.

A simple score for United States Oil Fund (USO)

46 out of 100

“SEC Clears 3x Leveraged Bitcoin and Ethereum Funds for Trading” scores 46 out of 100. The score uses 1 sources, and 11 linked companies.