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First Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut

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The first leverage bitcoin ETF in the U.S. - Volatility Shares 2x Bitcoin Strategy ($BITX) - saw more than $4 million worth of trading volume in the first day of its debut. LedesmaLyllah reports.

Volatility Shares 2x Bitcoin Strategy exchange-traded-fund , the first leveraged crypto ETF in the U.S., started trading on Tuesday, witnessing about $4.2 million of worth of trading volume so far since it went live.

The ETF saw about $500k worth of shares traded in the first 15 minutes, according to data from Bloomberg. The current share price of BITX is around $15.48, after rising as much as 2% to $15.90 since the start of the trading session., setting the stage for it to start trading on Tuesday. A number of futures-based ETF products already trade in the U.S.; however, the SEC has consistently blocked spot products from launching.

The first ETF backed by bitcoin futures to launch was ProShares’ BITO, which saw about $1 billion of trading volume on its first day of trading in 2021, according to ProShares, and hauled in

 

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