2x Ether ETF (ETHU) USD Price

The 2x Ether ETF (ETHU), issued by Volatility Shares, is a leveraged Ether-linked futures ETF that was launched on June 4, 2024. Unlike spot ETFs, which directly hold the underlying asset (in this case, Ethereum), this leveraged futures ETF seeks to provide twice the daily return of Ethereum by investing in Ethereum futures contracts. The fund aims to amplify the price movements of Ethereum on a daily basis, making it suitable for short-term traders looking to capitalize on price volatility. As a result, the performance of this ETF can significantly differ from the spot price of Ethereum due to factors such as contract rollover, futures market conditions, and the effects of leverage, which can compound gains as well as losses. Volatility Shares has waived a portion of the fee for the first year, commencing on June 4, 2024, so that the management fee will be 0.94% of the net asset value of the Fund. After the one-year waiver period is over, the management fee will be 1.85%.