First Leveraged Ether ETF to Launch in US

According to CoinDesk, the Volatility Shares 2x Ether Strategy ETF (ETHU) will become the first leveraged ether ETF available in the United States. The company has announced that operations will begin on June 4. This launch comes about a year after the Volatility Shares 2x Bitcoin fund began trading in June 2023. The spot bitcoin ETFs received approval from the Securities and Exchange Commission (SEC) and began trading about seven months ago. after.

In a conversation with CoinDesk, Volatility Shares Chief Investment Officer Stuart Barton expressed that the company's success in gaining approval of the leveraged ether ETF could potentially pave the way for the final approval of spot ether ETFs. The SEC approved key regulatory documents related to spot funds last week, but has not yet given the green light for their launch.

Barton stated that while several details of spot ETFs are likely currently being worked out with the SEC, the launch of a 2x Ether ETF would certainly suggest the SEC's growing interest in more crypto-linked ETFs. However, it is important to note that the SEC has not yet authorized trading of Ether ETFs.$ETH #Ethereum #EarnFreeCrypto2024 #etfethereum