First Levered Bitcoin Futures ETF Expecting Summer Launch

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.