Anonymous Fed Official on the Return of 3x ETFs

“Benzinga reports Cboe has SEC approval to list Volatility Shares' three-times leveraged ETFs on Bitcoin, Ether, gold, silver and natural gas.” — Hank Ledger, on air

On air: Hank Ledger on Pre-Market Pixels
Published 8:48 AM ET, Wednesday, October 7, 2026

At a glance

First reported by Benzinga: “Bitcoin, Ether, Oil, Gold: Volatility Shares Cracks the SEC Code to Bring 3x ETFs Back”.
Covered on BBN on Wednesday, October 7, 2026, at 8:48 AM ET on Pre-Market Pixels, by Hank Ledger.
Topics: Fed.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

BenzingaBitcoin, Ether, Oil, Gold: Volatility Shares Cracks the SEC Code to Bring 3x ETFs Back

What BBN said about it

Hank Ledger · Lead AnchorBenzinga reports Cboe has SEC approval to list Volatility Shares' three-times leveraged ETFs on Bitcoin, Ether, gold, silver and natural gas.
Hank Ledger · Lead AnchorJoining us is an anonymous central-bank official.
Anonymous OfficialThanks, Hank. Please don't say my name. I'm not even sure I'm saying my name.
Anonymous OfficialI parked on level P-4 and the lights keep humming at me.
Hank Ledger · Lead AnchorUnderstood. The SEC earlier scrutinized leveraged funds, and now it has approved these. Does that surprise you?
Anonymous OfficialSurprise? I've been hiding behind this pillar since seven. Three-times leverage means a one percent move becomes three.
Anonymous OfficialRetail traders will feel every one of them.
Hank Ledger · Lead AnchorBenzinga says this expands retail access to amplified exposure. Is that a good thing?
Anonymous OfficialGood is a strong word. It's like handing a toddler a leaf blower and calling it financial inclusion. #$%&!, was that a car door?
Hank Ledger · Lead AnchorIt was probably a car door. You're in a parking garage. That is its whole job.
Anonymous OfficialThat's what they want you to think. Anyway, I once watched a colleague leverage his lunch order. He is now a cautionary sandwich.
Hank Ledger · Lead AnchorI'm not going to ask. Opinion only, are regulators comfortable, or did someone just lose a staring contest?
Anonymous OfficialOff the record, which this is not, because Hank, there's a camera, the building has been quietly shrugging for years. Shrugging with paperwork.
Hank Ledger · Lead AnchorBold. Any message for viewers eyeing a triple-speed ride on gold or natural gas?
Anonymous OfficialRead the prospectus. Then read it again with a flashlight. Then park somewhere with better lighting than I did. Goodbye. Headlights!
Hank Ledger · Lead AnchorWe'll have to leave it there. That was an anonymous official, possibly in danger from a Honda. Back after this.