Volatility Shares Set to Launch First US Bitcoin Futures ETF

Share post:

Volatility Shares, a US-based ETF provider, is preparing to launch the “2x Bitcoin Strategy ETF” (BITX), which will provide leveraged long exposure to the cryptocurrency futures market. The ETF aims to deliver daily investment results that correspond to twice the return of the S&P CME Bitcoin Futures Daily Roll Index by investing in Bitcoin futures contracts traded on the Chicago Mercantile Exchange. While awaiting the outcome of BlackRock’s Bitcoin spot ETF application, the launch of Volatility Shares’ Bitcoin futures ETF marks an innovative development in the US ETF space, as no Bitcoin spot ETFs have been approved to date. Bitcoin’s price stands at $30,677, showing a 2% increase in the last 24 hours and a nearly 17% gain over the past week.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

Tim Draper’s Bold Prediction: Bitcoin (BTC) Price Set to Skyrocket to $250K!

In the world of finance, Bitcoin is increasingly recognized as a transformative force. With the potential to challenge...

Bitcoin ETF: Navigating the Perils of SEC Rejection and Fierce Opposition from Funds

A recent court order has directed the Securities and Exchange Commission (SEC) to reconsider its denial of Grayscale's...

Nike’s Shocking 10% Plunge: Sales Outlook Slashed

Nike, a leading athletic apparel⁢ company, ⁣recently announced plans to reduce costs by $2 ‍billion over the next...