Leveraged Ether ETF (ETHU) Records $15 Million in Volume on Second Trading Day
CryptoNewsTerminal Staff06 Jun, 2024
Leveraged Ether ETF (ETHU) Records $15 Million in Volume on Second Trading Day
The United States' first leveraged Ether (ETH) exchange-traded fund (ETF), ETHU, has seen a surge in trading volume on its second day of trading. According to Bloomberg ETF Analyst Eric Balchunas, ETHU's volume reached $15 million on Sunday, June 5, marking a threefold increase from its first day's volume of $5 million. ETHU, launched by fund manager Volatility Shares, began trading on Saturday, June 4. Its strong performance on its second day indicates growing interest in leveraged Ether ETFs among investors. The fund provides 2x exposure to the underlying Ether price, allowing investors to potentially amplify their returns or hedge their Ether positions.
