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.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.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.Meanwhile, banking giant JPMorgan has predicted that the ETFs would start trading before the US November elections.Oluwapelumi values Bitcoin’s potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.Also known as “Akiba,” Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change. Your daily dose of must-have crypto news and deep dives. Direct to your inbox.Courts dismissed the case without prejudice, leaving Musk an option to refile the case at a later date.The S-1 filing follows the SEC’s approval of NYSE Arca’s proposed rule change on behalf of ProShares.Rob Marrocco believes crypto ETFs beyond Bitcoin and Ethereum are unlikely without first establishing a futures market or changing regulation.Ripple said Standard Custody CEO Jack McDonald would help the firm achieve its USD-backed stablecoin plans.The S-1 filing follows the SEC’s approval of NYSE Arca’s proposed rule change on behalf of ProShares.All spot ETH ETFs have yet to launch despite recent developments.ICBC compared Bitcoin to gold and said Ethereum has established itself as “digital oil” capable of powering myriad applications across the web3 ecosystem.DeFillama data shows the platform’s TVL rose 135% despite the attack.CryptoSlate’s latest market report dives deep into the effects corporate Bitcoin purchases have on the market.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
