First Levered Bitcoin Futures ETF Expecting Summer Launch
May 11, 2023
U.S. investment advisor Volatility Shares is hoping to release the first levered long Bitcoin futures exchange-traded fund this summer. The 2x Bitcoin Strategy ETF (BITX) expects to gain two times the exposure to the S&P CME Bitcoin Futures Daily Roll Index, according to U.S. Securities And Exchange Commission filings. The launch signals further support from the regulator for futures-based cryptocurrency ETFs, even as spot crypto products and companies face scrutiny.
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