Volatility Shares’ 2x Bitcoin Strategy ETF will become the first leveraged crypto ETF available in the United States after the U.S. Securities and Exchange Commission let it go effective on Friday, an executive at the company told CoinDesk., Volatility Shares Chief Investment Officer Stuart Barton said, paving the way for its launch this upcoming Tuesday.A leveraged 2x ETF allows customers to gain bitcoin exposure by only putting up half the value of the bitcoin.
While a number of futures-based ETF products already trade, the SEC has consistently blocked spot products from launching. Other leveraged bitcoin futures products have also failed to secure the necessary approvals to launch.
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