As a seasoned crypto investor with a few gray hairs on my head and scars from past market volatility, I can’t help but feel a mix of excitement and trepidation at the news of the upcoming Volatility Shares 2x Ether Strategy ETF (ETHU). Having lived through the rollercoaster ride that was the approval and subsequent trading of the leveraged bitcoin fund last year, I’ve grown accustomed to the slow and often frustrating process of regulatory approvals.
Starting June 4, the United States will see the introduction of the first leveraged Ethereum (ETH) Exchange-Traded Fund (ETF) in the market: The Volatility Shares 2x Ether Strategy ETF (ETHU). This fund allows investors to amplify their exposure to ETH by twice the daily percentage change of its underlying index.
As an analyst, I would express it this way: One year after the Volatility Shares 2x Bitcoin fund debuted in June 2023, we can expect the launch of spot Bitcoin ETFs, having secured SEC approval approximately seven months following the fund’s inception.
As the Chief Investment Officer at Volatility Shares, I spoke with CoinDesk about our recent success in obtaining approval for a leveraged ether Exchange-Traded Fund (ETF). This achievement could potentially smooth the path towards eventual approval for spot ether ETFs from the Securities and Exchange Commission (SEC). Last week, the SEC processed crucial regulatory documents concerning these funds, but they have not yet been authorized for launch.
“Despite some specifics of Ethereum leveraged ETFs still under discussion with the SEC, the approval of a 2x Ether ETF is a strong sign of the SEC’s increasing interest in cryptocurrency-based ETFs.”
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2024-05-28 23:49