CryptoNews: SEC has approved the first leveraged Bitcoin futures exchange-traded fund (ETF), Volatility Shares 2X Bitcoin Strategy ETF (BITX). 🦾
The US Securities and Exchange Commission has approved the first leveragedfutures exchange-traded fund , Volatility Shares 2X Bitcoin Strategy ETF . It is scheduled to launch on the Chicago Board Options BZX Exchange on 27 June, 2023.
The fund looks for investment returns that are equivalent to double the return of the CME Bitcoin Futures Daily Roll Index. Investors can purchase shares of an ETF, which bundles securities like equities and commodities, to receive exposure to those securities without actually owning them.
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