- The first leveraged ETH ETF will begin trading in the US on June 4.
- The Volatility Shares 2x Ether ETF might pave the way for spot ETH ETF approval.
- The Volatility Shares 2x Bitcoin ETF began trading in June 2023.
The United States is poised to see its first leveraged Ether (ETH) Exchange-Traded Fund (ETF) launch on June 4th. This development will allow investors to gain indirect exposure to the price movements of Ethereum, the world’s second-largest cryptocurrency.
According to the Volatility Shares dashboard, the Volatility Shares 2x Ether ETF (ETHU) will commence trading roughly one year after the launch of the Volatility Shares 2x Bitcoin fund in June 2023.
It’s noteworthy that spot Bitcoin ETFs received approval from the SEC and began trading in the US approximately seven months after the leveraged Bitcoin fund’s debut.
Last week, the SEC greenlit 19b-4 filings submitted by prominent US asset management firms seeking approval for spot Ethereum ETFs. However, the S-1 filings, which are a crucial step in the ETF approval process, remain pending.
Stuart Barton, Chief Investment Officer …
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