The Volatility Shares 2x Ether Technique ETF (ETHU) will change into the primary leveraged ether (ETH) ETF obtainable in the USA, with the corporate posting on its web site that buying and selling will start on June 4..
The launch will come roughly one yr after the Volatility Shares 2x Bitcoin fund opened for enterprise in June 2023. The spot bitcoin ETFs lastly received SEC approval and commenced buying and selling about seven months after that.
Talking with CoinDesk, Volatility Shares Chief Funding Officer Stuart Barton stated his firm’s success in successful approval for the leveraged ether ETF might assist pave the best way for final approval for the spot ether ETFs. The SEC final week permitted key regulatory filings tied to the spot funds however didn’t but inexperienced gentle their launch.
“Whereas a number of particulars of the spot ETFs are little question being presently labored out with the SEC, the launch of a 2x Ether ETF will surely point out the SEC rising urge for food for additional crypto lined ETFs,” Barton stated.
Learn Extra: Ether ETFs Clear Main Hurdle, Although SEC Hasn’t Cleared Them for Buying and selling But
