Get 2x the Ether: Leveraged Ethereum ETF Arrives in June

• The primary leveraged ETH ETF will start buying and selling within the US on June 4.
• The Volatility Shares 2x Ether ETF would possibly pave the way in which for spot ETH ETF approval.
• The Volatility Shares 2x Bitcoin ETF started buying and selling in June 2023.

America is poised to see its first leveraged Ether (ETH) Trade-Traded Fund (ETF) launch on June 4th. This growth will enable buyers to realize oblique publicity to the worth actions of Ethereum, the world’s second-largest cryptocurrency.

Based on the Volatility Shares dashboard, the Volatility Shares 2x Ether ETF (ETHU) will begin buying and selling roughly one 12 months after the launch of the Volatility Shares 2x Bitcoin fund in June 2023.

It’s noteworthy that spot Bitcoin ETFs obtained approval from the SEC and commenced buying and selling within the US roughly seven months after the leveraged Bitcoin fund’s debut.

Final week, the SEC greenlit 19b-4 filings submitted by outstanding US asset administration companies searching for approval for spot Ethereum ETFs. Nonetheless, the S-1 filings, that are an important step within the ETF approval course of, stay pending.

Stuart Barton, Chief Funding Officer at Volatility Shares, expressed optimism that the approval of his agency’s leveraged ETF may pave the way in which for the S-1 filings to be accepted, in the end resulting in the itemizing and buying and selling of spot ETH ETFs within the US.

Nate Geraci, president of the ETF Retailer, predicts that the SEC will grant full approval for spot ETH ETFs inside the subsequent few weeks. Geraci estimates a timeframe of 2-3 months for the regulatory choice.