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 has announced that trading will commence on June 4. This launch comes approximately one year after the Volatility Shares 2x Bitcoin fund began operations in June 2023. The spot bitcoin ETFs received approval from the Securities and Exchange Commission (SEC) and started trading about 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 smooth the path for ultimate approval for the spot ether ETFs. The SEC approved key regulatory filings related to the spot funds last week, but has not yet given the go-ahead for their launch.
Barton stated that while several details of the spot ETFs are likely being currently ironed out with the SEC, the launch of a 2x Ether ETF would certainly suggest the SEC's growing interest in further crypto-linked ETFs. However, it's important to note that the SEC has not yet cleared Ether ETFs for trading.