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.
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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