According to its disclosure, the Volatility Shares ETF 2x Ether Strategy (ETHU), will be the first leveraged Ethereum exchange traded fund to begin trading on the Chicago Board Options Exchange by the 4th of June. website.
The use of leveraged trading increases the exposure that investors have to market movements. Platform providers loan the difference between trade values and margin deposits.
In the US there are already several Ethereum ETFs, such as VanEck’s Ethereum Strategy ETF and Bitwise’s Ethereum Strategy ETF. These ETFs were initially slow to gain popularity. trading volumes surged After the US Securities and Exchange Commission unexpectedly approved 19b-4 filings for eight spot ETH ETFs last week.
When can Ethereum ETFs start trading?
The recent approval of ETFs for leveraged Ethereum has reignited the speculation regarding when they will begin trading.
Nate Geraci President of ETF Store said Approval of the spot Ethereum ETF Registration Statements may occur in a couple weeks to a few month. Geraci said that given the work already done with spot Bitcoin ETFs and Ethereum Futures ETFs the SEC will make the final decision. He said:
“My expectation would be next few weeks [or] 2-3 months max. [In my opinion], heavy lifting [is] already done following spot BTC ETFs & ETH futures ETFs. Just a matter of how long SEC wants to string this out.”
James Seyffart, Bloomberg ETF analyst echoed This sentiment was expressed during a podcast, where it was pointed out that the timeline is not definitive, as products need to be approved by S-1 filings which includes essential disclosures of risk.
The banking giant is still at it JPMorgan Has predicted that ETFs will become mainstream start trading Before the US elections in November
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Source: cryptoslate.com