First of its Kind
The first leveraged crypto ETF in the U.S. started trading this week. So far, it has seen over $5.5 million in trading volume.
The ETF saw $500,000 worth of trades in its first 15 minutes.
What’s it called? Volatility Shares 2x Bitcoin Strategy ETF (BITX).
What is it? It’s the first U.S.-based exchange-traded fund (ETF) to offer “leveraged long exposure” to the cryptocurrency futures market.
In other terms, they are funds that investors can invest in. These funds use debt to increase equity positions. Compared to other types of ETFs, they have greater risk and return attributes.
These instruments need to be available in FT.