Investment manager Volatility Shares has launched its 2x Ether ETF (ETHU) following the release of its Prospectus on Tuesday. The product, per the unveiled Prospectus, the new Ethereum product “seeks investment results, before fees and expenses, that correspond to two times (2x) the daily performance of Ether.”
Precursor to Spot Ethereum ETF
Volatility Shares ETHU is the first product to launch since the United States Securities and Exchange Commission (SEC) approved 8 spot Ethereum ETF products last month. As a bridge ETH product, the Volatility Shares ETHU will form a new way for investors to gain exposure to the underlying assets.
In the Prospectus, the firm said the fund will not invest directly in Ethereum.
“The Fund does not invest directly in ether. Instead, the Fund seeks to benefit from increases in the price of Ether Futures Contracts in its pursuit of seeking to produce…
