First Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut

CoinDesk
CoinDesk

27 Jun 2023 5:04 PM

The ETF saw about $500K worth of trades in the first 15 minutes....

  • Volatility Shares 2x Bitcoin Strategy ETF (BITX) is the first leveraged crypto ETF in the U.S.
  • It started trading on Tuesday and has witnessed about $4.2 million worth of trading volume so far.
  • The ETF saw about $500k worth of shares traded in the first 15 minutes.
  • The current share price of BITX is around $15.48, after rising as much as 2% to $15.90 since the start of the trading session.
  • The SEC allowed the ETF to become effective on Friday, setting the stage for it to start trading on Tuesday.
  • ProShares' BITO was the first ETF backed by bitcoin futures to launch and saw about $1 billion of trading volume on its first day of trading in 2021.

The article presents a positive sentiment towards the launch of the Volatility Shares 2x Bitcoin Strategy ETF (BITX) and its trading volume so far. The approval of the SEC is also seen as a positive development for the ETF market.

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You May Ask

What is the Volatility Shares 2x Bitcoin Strategy ETF (BITX)?When did BITX start trading and what is its current share price?What is the significance of the SEC's approval for BITX?How does BITX compare to ProShares' BITO in terms of trading volume?What is leveraged trading and how does it relate to BITX?

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