Volatility Shares Trust targets listing of leveraged Bitcoin futures ETFs

The stock launch for the Bitcoin investment vehicle is potentially scheduled for June 27, but the US SEC has a history of denying many cryptographic links. ETF applications.

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A company behind the provision of cryptocurrency-linked funds and other exchange-traded funds (ETFs) has filed a petition with the U.S. Securities and Exchange Commission (SEC) to the stock quote of a leveraged Bitcoin futures ETF.

Volatility Shares Trust filed Form 8-A with the SEC on June 23, suggesting that the company was preparing to launch an investment vehicle that the regulator could consider a class of securities under his competence. The registration statement mentioned the Volatility Shares '2x Bitcoin Strategy ETF', under the symbol BITX, which offered leveraged exposure to Bitcoin (BTC) equal to twice the daily performance of the S&P CME Bitcoin Futures Daily Roll Index.

The 2x bitcoin $BITX ETF has gone live, due to launch on Tuesday. I doubted that would happen, but it looks like it's official. Could this be a harbinger of SEC relief? After the launch of $BITO I believe they forced the previous 2x registrants to withdraw pic.twitter.com/XXxSt9xypu

— Eric Balchunas (@EricBalchunas) June 23, 2023

As of press time, the SEC has not explicitly rejected volatility stock application for the crypto investment vehicle – a leveraged BTC futures ETF would be the first of its kind in the US . The Volatility Shares Trust website said it plans to begin trading on June 27, but added that the registration statement "has not yet become effective".

A separate filing of SEC Form N-1A for the listing of shares of the leveraged Bitcoin futures ETF on the CBOE BZX exchange...