Leveraged bitcoin futures ETF sees trading surpass 500,000 shares
Volatility Shares Trust, the small issuer of the only leveraged bitcoin futures ETF in the U.S., said that trading exceeded half a million shares in the fund’s first week.
The ETF began trading on the Chicago Board Options BZX Exchange last week, and the share price has hovered around $15.
Bitcoin exchange-traded funds have been a hot topic since massive traditional financial institutions like BlackRock and Fidelity began pursuing approval to launch their own spot bitcoin ETFs. Volatility’s product differs as it is a leveraged bitcoin futures ETF.
Trading under the ticker symbol BITX, the Volatility fund “seeks daily investment results…that correspond to two times the return of the S&P CME Bitcoin Futures Daily Roll Index for a single day,” according to a filing.
Volatility Shares Trust is based in Palm Beach Gardens, Florida.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Go to Source
Author: RT Watson
