Volatility Shares will launch the first leveraged Bitcoin futures ETF next Tuesday

ChainCatcher news, Volatility Shares will launch its 2x Bitcoin Strategy ETF next Tuesday, after its application was not rejected by the U.S. Securities and Exchange Commission (SEC) and became effective this Friday.

Volatility Shares Chief Investment Officer Stuart Barton stated in an email that the ETF will begin trading on Tuesday, seeking to provide twice the daily return of the Bitcoin futures index. According to the prospectus, the fund will not directly invest in Bitcoin but will seek to profit from the rise in Bitcoin futures contract prices. (The Block)