TechFlow reports that Volatility Shares plans to launch its 2x Bitcoin Strategy ETF (BITX) today. The fund seeks investment results equivalent to twice the daily leveraged return of the S&P CME Bitcoin Futures Roll Index. A company spokesperson said that U.S. cryptocurrency traders will now be able to gain convenient and liquid leveraged exposure to bitcoin through traditional brokerage accounts, eliminating the need for cryptocurrency exchange accounts during periods of regulatory uncertainty.
Earlier, the SEC approved Volatility Shares' bitcoin ETF application, making it the first leveraged cryptocurrency ETF.
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