Will bitx be the first leveraged crypto ETF?

Register Now Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) will become the first leveraged crypto ETF available in the United States after the U.S. Securities and Exchange Commission (SEC) let it go effective on Friday, an executive at the company told CoinDesk.

Will ProShares & Invesco fund launch a bitcoin fund?

The fund launch will mark the conclusion of a yearslong crusade by the almost $7 trillion ETF industry to persuade the SEC to research and sanction an ETF related to the popular cryptocurrency. However, the ProShares and Invesco funds will offer investors indirect ways to invest in bitcoin.

Will the SEC allow bitcoin futures exchange-traded funds to start trading?

The Securities and Exchange Commission is set to allow the first U.S. bitcoin futures exchange-traded funds to start trading next week, a landmark victory for a cryptocurrency industry that has long sought permissions from Wall Street’s top regulator, according to a person familiar with the matter.

Are ProShares & Invesco ETFs based on Bitcoin?

However, the ProShares and Invesco funds will offer investors indirect ways to invest in bitcoin. The ETFs are based on bitcoin futures that already trade on the Chicago Mercantile Exchange. Bloomberg News first reported that the SEC is set to allow the bitcoin futures ETFs to begin trading.