07-06-2023, 11:16 PM
#1

Volatility Shares Trust, the small issuer of the only leveraged bitcoin futures ETF in the U.S., said that trading exceeded half a million shares in the fund's first week.

The ETF began trading on the Chicago Board Options BZX Exchange last week, and the share price has hovered around $15.

Bitcoin exchange-traded funds have been a hot topic since massive traditional financial institutions like BlackRock and Fidelity began pursuing approval to launch their own spot bitcoin ETFs. Volatility's product differs as it is a leveraged bitcoin futures ETF.

Trading under the ticker symbol BITX, the Volatility fund "seeks daily investment results...that correspond to two times the return of the S&P CME Bitcoin Futures Daily Roll Index for a single day," according to a filing.

Volatility Shares Trust is based in Palm Beach Gardens, Florida.

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