As reported by CoinDesk, Volatility Shares 2x Ether ETF (ETHU) will become the first leveraged Ethereum (ETH) ETF in the United States, with the company announcing on its website that trading will begin on June 4. This listing will come about a year after the Volatility Shares 2x Bitcoin fund opens in June 2023. The spot Bitcoin ETF received SEC approval and began trading about seven months thereafter. Stuart Barton, chief investment officer of Volatility Shares, said in an interview with CoinDesk that the company's success in obtaining approval for the leveraged Ethereum ETF may help to eventually obtain approval for the spot Ethereum ETF. The SEC approved key regulatory documents related to the spot fund last week, but has not yet approved its listing. Barton said that while some details of the spot ETF are undoubtedly being negotiated with the SEC, the launch of the 2x Ethereum ETF undoubtedly shows that the SEC's demand for further cryptocurrency ETFs is growing.