At the time of publication, the SEC had not explicitly denied the Volatility Shares application for the crypto investment vehicle — a leveraged BTC futures ETF would be the first of its kind in the United States. Volatility Shares Trust’s website stated it planned to start trading on June 27, but added the registration statement “has not yet become effective.”
A separate SEC Form N-1A filing for listing shares of the leveraged Bitcoin futures ETF on the CBOE BZX Exchange stated that neither the SEC nor the U.S. Commodity Futures Trading Commission had “approved or disapproved these securities or passed upon the accuracy or adequacy of this prospectus.” The SEC has a
The registration statement listed the Volatility Shares ‘2x Bitcoin Strategy ETF’, under the ticker symbol BITX, which offered leveraged exposure to Bitcoin corresponding to two times the daily performance of the S&P CME Bitcoin Futures Daily Roll Index.
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