Leveraged Ethereum futures ETF to debut on CBOE before spot ETFs launch


The
Volatility
Shares
2x
Ether
Strategy
ETF
(ETHU)
will
become
the
first
leveraged
Ethereum
ETF
to
trade
on
the
Chicago
Board
Options
Exchange
(CBOE)
by
June
4,
according
to
a
disclosure
on
its

website.

Leveraged
trading
allows
investors
to
control
more
significant
positions
than
their
initial
deposit,
magnifying
their
exposure
to
price
movements.
The
platform
provider
loans
the
difference
between
the
trade
value
and
the
investor’s
margin
deposit.

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Several
Ethereum
futures
ETFs
already
exist
in
the
US,
including
ProShares’
Ether
Strategy
ETF
(EETH),
VanEck’s
Ethereum
Strategy
ETF
(EFUT),
and
Bitwise’s
Ethereum
Strategy
ETF
(AETH).
While
these
ETFs
faced
slow
initial
adoption,

trading
volumes
surged
after
the
US
Securities
and
Exchange
Commission
(SEC)
unexpectedly

approved
19b-4
filings
for
eight
spot
ETH
ETFs
last
week.


When
will
Ethereum
ETFs
launch?

The
anticipated
launch
of
the
leveraged
Ethereum
futures
ETF
has
reignited
speculation
about
when
the
recently
approved
ETFs
would
start
trading.

Nate
Geraci,
President
of
ETF
Store,

said
the
approval
of
spot
Ethereum
ETF
registration
statements
could
occur
within
weeks
or,
at
most,
a
few
months.
Geraci
emphasized
that,
given
the
groundwork
already
completed
with
spot
Bitcoin
and
Ethereum
futures
ETFs,
the
launch
hinges
on
the
SEC’s
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.”

Bloomberg
ETF
analyst
James
Seyffart

echoed
this
sentiment
during
a
recent
podcast
appearance,
pointing
out
that
there
is
no
definitive
timeline
as
the
products
require
S-1
filing
approvals,
which
include
essential
risk
disclosures.

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Meanwhile,
banking
giant

JPMorgan
has
predicted
that
the
ETFs
would

start
trading
before
the
US
November
elections.

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Author: Oluwapelumi Adejumo


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