BREAKING: US fund manager Volatility Shares to launch leveraged ETH ETF on June 4th, the first of its kind in the United States
CryptoNewsTerminal Staff28 May, 2024
BREAKING: US fund manager Volatility Shares to launch leveraged ETH ETF on June 4th, the first of its kind in the United States
US fund manager Volatility Shares has announced that its leveraged Ethereum ETF will begin trading on June 4th (local time). The official name of the product is the Volatility Shares 2x Ether Strategy ETF (ticker ETHU), and it is the first leveraged Ethereum ETF in the United States. Earlier, Fox Business reporter Eleanor Terrett said that "some issuers who have filed for leveraged Ethereum futures ETFs have had positive conversations with SEC staff. If the SEC approves a leveraged ETF, Volatility Shares' could be the first to cross the finish line, as early as June 4th." This is a significant development for the cryptocurrency market, as it will provide investors with a new way to gain exposure to Ethereum.
