🚨First Leveraged Ether ETF Set to Launch in US!!💥
According to CoinDesk, the Volatility Shares 2x Ether Strategy ETF (ETHU) is set to become the first leveraged Ether ETF available in the United States. The company announced that trading will begin on June 4th.
This launch comes approximately one year after the Volatility Shares 2x Bitcoin fund began operations in June 2023. Spot bitcoin ETFs received approval from the Securities and Exchange Commission (SEC) and began trading approximately seven months later.
In a conversation with CoinDesk, Volatility Shares Chief Investment Officer Stuart Barton expressed that the company's success in securing approval for the Leveraged Ether ETF could potentially ease the path to final approval for Spot Ether ETFs. .
The SEC approved key regulatory filings related to cash funds last week but has not yet given the green light for their launch.
Barton stated that while various details of spot ETFs are likely being worked out with the SEC, the launch of a 2x Ether ETF would certainly hint at the SEC's growing interest in other crypto-linked ETFs. However, it is important to note that the SEC has not yet cleared Ether ETFs for trading.
