Markets
Leveraged Ether ETF will begin trading on June 4, according to sponsor volatility actions
Volatility Shares 2x Ether ETF (ETHU) will become the first leveraged ether (ETH) ETF available in the United States, from the company publication on its website these exchanges will begin on June 4.
The launch will take place approximately one year after the Volatility Stocks 2x Bitcoin Fund opened in June 2023. Spot bitcoin ETFs eventually gained SEC approval and began trading approximately seven months later.
Speaking to CoinDesk, Stuart Barton, chief investment officer of Volatility Shares, said his firm’s success in gaining approval for the leveraged ether ETF could help pave the way for final approval of ether spot ETFs. The second approved last week the main regulatory filings related to spot funds but have not yet given the green light for their launch.
“While several details of spot ETFs are undoubtedly being worked out with the SEC, the launch of a 2x Ether ETF would certainly indicate the SEC’s growing appetite for other crypto-lined ETFs,” a Barton said.