Volatility Shares has launched its third fund, the -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB US), which provides inverse (-100%) daily exposure to the S&P 500 VIX Mid-Term Futures Index. The index measures the return of a portfolio of long positions in the fourth, fifth, sixth, and seventh-month VIX futures contracts and rolls daily throughout each month from the shortest-term contract into the longest-term contract while maintaining positions in the middle two contracts. The new ETF joins Volatility Shares’ other two offerings which launched in April 2022 and provide inverse (-100%) and leveraged (+200%) daily exposure to short-term VIX futures. The three ETFs provide institutional investors with tactical tools to manage their volatility exposure independent of the direction of the stock market.
Volatility Shares Launches VIX Mid-Term Futures ETF
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All three funds are designed to address the flaws of past volatility-linked products, which include counterparty risks inherent in ETNs and potentially larger spikes in panicked trading right at the day’s close.